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 : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (812)	1/15/1998 12:46:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 1551

After it covers gap, PTEK may head back down to take out 20. Who knows?

To: Ross who wrote (812)	1/15/1998 8:24:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 1551

Ross-since you're long PTEC, I thought I'd add my 2c . Forget GET's count--the first move down from the top of 50 in 1996 was an ABC down to 14.50. This was followed by an ABC 'x' wave back up to 30ish and the stock is now in the middle of another ABC wave back down, probably below the Mar 96 low of 14.50 eventually. One also sees a H&S top formation with the neckline of 22.88 recently being penetrated on the downside. Ominous implications as the projection of such HS is to the low teens at least, so I'd be inclined to tread carefully. The near term MOB support may not hold this time.--------for bottom fishing take a look at PERI (8.63)I. It may have 1 last move down to approx 7.25-50 but I suspect it will be much higher in a few months. Very good macd and EWO positive divergences. I;m recently long from 8.25. At the bottom, the XTL is red of course, so I'm long now mainly because of my version of the count plus the indicator divergences.Looks like a reversal is coming, maybe after 1 last move down ( move above 9.13 would imply decline is over though). It is profitable, has no debt and $2 in cash and qtrly annualized sales/sh is 8.25. and is down 75%ish from the mid 30's top of last year