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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (3724)	1/11/2005 7:08:58 PM
From: rrufff	Read Replies (2) \| Respond to of 8752

I'm not as concerned about the SEC long term, as that should just be a slap on the wrist, as I am about the slow down due to testing and safety and with many competitors trying to steal their business. This is a momo and hype play and anything that hits that is a killer given that it was previously priced for perfection, much like the Sat Radio companies we have discussed. I was looking to trade the falling knife. Fortunately, being the coward I usually am with these things, I've held back. I could single digits but there are many who follow this and will look at it as a bargain and there will be some retracement upwards. Correct me if I'm wrong, but the charts you posted indicate that we could be near the end of the drop, as oversold, but there certainly is nothing close to a buy signal. Both your Williams and Stochastics give you a sell signal right before the big drop. If I'm reading that right, I'm very impressed!!

To: Vendit™ who wrote (3724)	1/12/2005 1:06:37 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

Hi Reid, At first glance, TASR might look attractive. It is getting there, but I don't think it is quite there yet. Look at that same 2 year chart using weekly candles. Those last two candles are pretty dramatic. 139.142.147.218 This tells me TASR is dead money for a long time. That said, TASR is very close to long-term chart support levels, which roughly coincides with the lower BB rail. Will it reverse there? I would feel much more confident of that if the volume were much greater. So far, on the weekly chart, I don't see the kind of volume that would be consistent with a reversal. Of course, I guess you have to take into consideration the fact that the current candle represents just two days' volume so far. I think I'd be looking for a reversal at about $13.00 or just below that. Then, a long term short position would be attractive if TASR can rally into resistance, or even better, if chart support at $13 is breached. In that event, TASR is probably dead money for at least a year, maybe even several years. Incidentally, TASR is a very heavily shorted stock that made it onto that Nasdaq SHO list. Didn't seem to help much in this case. T