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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (4109)	12/9/1997 9:55:00 AM
From: Thomas Eglin	Respond to of 42787

Regarding FPFG: I took a position a few days ago so I was glad to see the bump yesterday. Now it is at the top of a descending channel starting 10-23. It is quite undervalued using ypeg type numbers but I am not sure these should apply due to the accounting practices these companies use. I will ignore the fundamentals if the price starts heading south again. I took the position because it looked like the retracement might have support around 34(june 13 tojuly 10) and a "hammer" was formed on 12-3. This provided a good visual stop below it (below 34.875). Good luck. Tom

To: Steve Smith who wrote (4109)	12/9/1997 12:11:00 PM
From: Mark[ox5]	Respond to of 42787

Steve, I saw its action on last Thursday and thought perhaps it was bottoming out. Friday was the day I was going to buy, but it didnt do much. Monday morn it moved quickly and i bought in. Sold today at $45. It should pull back and fill the gap (I know that much TA grin). I will be buying and selling this puppy all the way to the 80s... As for today bought and sold MAVK for slight loss, used money to buy PESC at $27.50. Should hit $30 within a few days (hoping) Everything else Im losing on. =) SOCR, NTSC, ECGOF to name some. Should of bot COBR today..darn. Steve, another good board is Lzzrd Swamp.. some sharp traders there. Im kind of a mix of both, some position trading (i.e. few days to a few weeks) and some longer term (FIBR, ECGOF for example) Day trading is too hard and should be left to great chart readers, but I think if you know a stock well and its tendencies you can do well on position trades either way (with FA and a look at the chart) P.S. Chris, what do you see on ECGOF? On the board they said Bollinger Bands are narrowing meaning a strong move either up or down could be in store. No idea what Bollinger Bands are yet but.. this is so undervalued. But not might do much until earnings in 2 months.