SI
SI
discoversearch

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 : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (49186)9/8/2003 9:22:57 AM
From: Ron McKinnon  Respond to of 53068
 
Larry INVN

a tough one for me to read

for sure the range seems to be 20 to 30

with the low float and high short interest one would think that a break on volume and some new news, over the 30 level, might cause yet another squeeze

if I had it I suppose I would take profits on at least half up here 27-30 then buy back some if it fell to the 25 area

otherwise I can't give you a better feel



To: Larry S. who wrote (49186)9/8/2003 11:18:58 AM
From: Ron McKinnon  Respond to of 53068
 
There Is No Such Thing as House Money


By Dan Fitzpatrick
Special to RealMoney.com
09/08/2003 10:17 AM EDT

As I watched the San Francisco 49ers beat the Chicago Bears Sunday, I was tempted to celebrate for a very brief moment. Then I remembered what the 49ers' schedule looks like. It's rather soft for the next several weeks, but then it gets pretty dicey. They'd better get a lot of Ws under their belt early, or else they face trouble later when the big guns come to town.
Why do I bring this up? In this market, the easy money has already been made for 2003. If you're gloating about what a great trader you are because you've racked up some excellent gains this year, think again. Everybody who was long has done well. If you were short, well, maybe you're already back behind the counter at the Dairy Queen.

The true test of a trader is not how you do when even the blind dogs are digging up bones. It's whether you can keep your profits. How have you been doing during the summer chop? Have you been giving it back? If so, why? Did you feel like you were playing with house money, so it was OK to keep trading even though you were losing more than you were making? It wasn't house money; it was yours.

In football, a win is a win, no matter whether you beat the Tampa Bay Bucs or the Cincinnati Bengals. In trading, whether you make your money when the market is easy or when it's tough, it always goes into the same account: yours. In the stock market, there's no such thing as house money.



To: Larry S. who wrote (49186)9/8/2003 3:13:23 PM
From: Ron McKinnon  Read Replies (3) | Respond to of 53068
 
whole life insurance

if anyone thinks this is a worthwhile thing to buy note this:

in going through family records I found a policy on my mother
face value of $1,000
taken out when she was 16 in 1936

present value is appox $1,700

a great compounded rate of return for 67 years huh?



To: Larry S. who wrote (49186)9/8/2003 6:52:56 PM
From: chowder  Respond to of 53068
 
Larry,

It depends on your time frame as to what the indicators are saying.

In the short term, you have a weak break out. I say weak because you don't have the buying volume to support higher prices. It can continue to rise of course but, until the buying volume patterns pick up, I don't see this one sustaining it's current price level.

The last two trading sessions have seen INVN come off the high of the day. It can't hold those higher highs without being met by selling.

In looking at the longer term, weekly chart, INVN has barely broken out of a consolidating base. When you see these break outs, you want to see volume accompany the move. All of your indicators look good except for volume. In my opinion, volume is one of the more important indicators.

stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lc20!Lg!Lj[$spx]]&pref=G

If we don't see some buying in the next day or two, INVN is setting up for the bears to gain control.

All in my opinion, of course.

dabum