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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (5114)	2/2/1998 7:43:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 120523

GW & IOM Volume tapered off on GW today, and up until 4pm I would have said to bail at open tomorrow -however there was what looks to have been an after-hours trade of very large volume at 4.3125. I say that because usually only a limit buy would have been filled that way, as the mm normally would have passed on a sell above the bottom on a reversing stock. Watch at open tomorrow, if it doesn't start upticking then bail. 4.25 is the local minimum, but it could retrench back to the low of a couple weeks ago. When the reversal started Friday, one should wait for a clear sign of recovery before going long unless you have news out there that one is pretty sure of. IOM looks great - the net is running a price potential against all the ones I follow as we speak. I preset it to determine if it was possible for it to hit 12 anytime soon. Today's gap and last week's high, level volume and price movement is hinting that it can. As for can it go higher tomorrow - I don't see anything that says it would reverse at this point - tons of trades on a nice tight spread - the mm's are taking this one a step at a time - good sign we have some pro's on the floor handling this one. lastshadow