Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon Khymn who wrote (83785)	5/1/2003 12:22:13 AM
From: SpecialK	Read Replies (1) \| Respond to of 99985

Actually, my next one is underwater. I'm long OVER at 10.89. It closed today at 10.70. My target is 12.00. What is concerning me is FWHT reported tonight, and is -20% in AH. In AH, OVER is down to 10.45-10.50. The lowest it has traded over the last 3 days is 10.42. I'm hoping this level holds tomorrow and heads higher. All indicators are it's very oversold. It was 16.5 last Thursday. It's been range bound in the 10.42 to 10.9. We may gap lower tomorrow but I would expect it to rebound. Anyway, on BRCM, I would have re-entered short yesterday morn at 18.9, but I'm tied up in OVER. I posted a Stockchart (you can find with my Alias), it clearly shows the resistance line. Even at 18 a short in BRCM is likely to result in profits. Target off top of my head would be 15. It's forming a penant, so you need to take profits when you near the supports and resistance. If OVER doesn't turn by lunchtime tomorrow, I'll part ways and look at what looks good. I would buy some WEBX between 9.7-10. I've got an eye on SWKS (buy at 5ish) and NVDA on pullback to 11.5-12. SLAB looks good for short if the DOW loses 8300.