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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (24923)	8/5/2003 11:38:28 PM
From: RWS	Respond to of 206326

Jim, KEG's last cycle saw a 78% retracement. Yesterday and today the lows were supported very close to the Fibonacci 62% retracment of the recent upcycle. I expect at least a good bounce if not a swing up from this level. A penetration of the lows stops me out. Good luck with RRI. RWS Edit: I bought HOFF today on the second test of the recent low on lower volume - usually bullish.

To: jim_p who wrote (24923)	8/6/2003 3:03:22 AM
From: chowder	Read Replies (1) \| Respond to of 206326

Nice picks ye say Laddie? Aye, they may be. KEG hit a support level and bounced nicely I see. Me only problem is the long wick on the candle. It's the kind of wick ye light for the poor soul ye know is goin' straight to hell, but ye hope the good Lord will show some mercy. The lack of overhead supply in the price range up to 9.50 suggests we still have some skittish people out there, as it wasn't overhead supply that pushed the price back. HOFF looked encouraging as well. I was waiting on more volume to show up but, alas my wait was futile. RRI is still disappointing. I agree with your analysis posted to me earlier today, er yesterday. KEG and HOFF may have been good entry points. I'm not sure about RRI yet. I'm sticking with waiting on a resistance level or two to be breached. The overall market is breaking down. I don't have any long positions in my trading account. Only shorts. Looking to add more too, if the S&P can't rise back up above 970 and stay there. If the market continues to break down, a lot of people don't like shorting so they will look elsewhere for long positions. Since the XNG and OSX have already been beat up by my Uncle Bruno, they will provide one of the better opportunities to outperform the market over the next few months. A very nice indicator to measure strength versus the market or a sector is the Price Relative indicator. In using KEG as an example, you can see how it has underperformed the market and is now turning up. Not because KEG is doing anything, it's that the market is doing worse. <lol> I prefer to wait for the indicator to turn bullish, to show some strength first, but I know some bottom fishers can use it to their advantage. In any event, you can change the indicator to $OSX, $XNG or any other index, or stock, for that matter. Yer brother, dabum