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 : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Aronoff who wrote (13971)	1/29/1998 2:06:00 PM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

The Bollinger Bands have been saying a strong move was ahead for the last week. Just couldn't say for sure which direction. Now if Craig S could just get out of the offices Friday and Monday on business we could do some climbing. Maybe go hang out in some other companies lobby if you need a suggestion. My Best, Ed

To: Alan Aronoff who wrote (13971)	1/29/1998 2:13:00 PM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Alan, You may be right about your "buying before the news" scenario, but I think it is more likely to be buyers who sold at the end of last year, and had to wait to buy back until now. Having said that, Ancor has been extremely tight-lipped about things lately, so there could be some news out there that we don't know about. I noticed in a previous post that you are starting to do some technical analysis. I am too, and recently purchased about 300 indicators and systems for TradeStation. I ran all of them through a 300 day chart of ANCR, and found a couple that were quite good. One that I decided to use was called a Triple Exponential Moving Average In Sync. This system plots an exponential moving average at 5, 15, and 30 days. All three moving averages have to be in sync. For example, the 5-day MA must be higher than the 15-day MA, and the 15-day MA must be higher than the 30-day MA to issue a buy signal. The reverse is true for a sell (short) signal. Using this system, the last buy signal would have been May 14, 1997, at $6.00. The corresponding sell (and short) signal occurred October 3, 1997, at $9.8125. (Not a huge return, I'll admit, but a pretty good long-term indicator nonetheless.) At any rate, with today's move, that indicator should show a long-term buy signal. It seems that your opinion of Technical Analysis has changed over the last 6 months, and I know mine has. What do you think of this type of indicator? Ed D., if you still monitor this thread, I would also like your opinion. Disclaimer: I do not consider myself a technical analyst. I am in the early stages of learning this area. Do not take this as investment advice without doing your own due diligence. It is just a new tool I use to help me make investment decisions. Craig