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.

Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Lebed who wrote (3129)	1/19/1998 6:19:00 PM
From: Christopher	Read Replies (1) \| Respond to of 14266

Kevin, TA on RUSH. RUSH was on a downtrend and then had an upside breakout on 07/29/97 at $6.83 which was the start of a new uptrend. RUSH continued and created a reverse Head-and-Shoulder (good patter, more money) and broke the neck line on 08/26/97 at $7.50 (breaking the neckline means RUSH would continue the uptrend). The uptrend however was broke on 10/17/97 at $8.87 and the downtrend is still in effect untill now. TA indicators confirms the current downtrend. Short term TA indicators are improving but still need more work(may be another week or so). Intermediate and long-term TA indicator don't look good and need more work. The stock has experienced very high volume the last two days and the price moved up an indication of a start up of an uptrend. Prior to that the price went down on volume a character of a downtrend. This stock can break out and go up really good. Something is happening that has driven the volume so high. This stock has a long-term and intermediate downtrend. You know what they say, the trend is your freind. If you buy this stock at this time you will be going against the main trend and you could get burned. The stock could continue to go up. I would buy a stock after it breaks its downtrend to the upside and that could take several weeks to happen. In conclusion, the stock could very easily continue to go up but you could get burned if you buy it because you would be going against the main and intermediate downtrend. Generally this is not recommended. In such cases you may make money sometime but you would be burn a lot more often. The stock needs more work and to break the downtrend line first before I would buy it myself. If you have any questions please let me know.