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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (9930)1/2/1998 11:30:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79188
 
Sandra:

I spent an hour watching tape on CMCI on the 31st, because I thought the post-gap intraday reaction was inefficiently severe. It never gave me a chance to get in, though I think what I was looking for is happening today.
It's about 4% shy of being a cat-candidate, and I'm a super-stickler on the point, simply because there are so many card-carrying cats being created by the poor earnings season and general market tenor.
Definitely worth watching though.
Happy New Year.

Ivan



To: Sandra who wrote (9930)1/3/1998 6:00:00 PM
From: Doug R  Respond to of 79188
 
Sandra,

CMCI is a beaut. Upward bounce momentum should subside shortly then the shorting party can begin. Very low float should make it a very interesting ride. The initial short position may run for several weeks before the first signal day is exhibited so I would expect a wild series of lower highs and lower lows during the incubation period. In other words, it won't be for the feint of heart but I expect it to play out in true felinity.

Doug R