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 : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: DavidG who wrote (27599)	2/2/1998 7:29:00 PM
From: Kris	Read Replies (2) \| Respond to of 53903

I just looked at the charts and ran thru the Metastock analyses: A bearish divergence exists between price and RSI but not between price and OBV. The "spinning top", candlesticks, means loosing momentum, and stochastics suggests SELL and CCI says overbought. However, other indicators, such as MACD, would suggest "NOt Yet".

To: DavidG who wrote (27599)	2/3/1998 12:34:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 53903

David, Many already are dead meat, they just don't know it yet. This cycle has just started on the down side as we have seen almost nothing in the way of capitulation, yet. So far, new entrants outnumber the firms that are leaving, which is just Motorola right now (in word only. They are still buying equipment, so it could be a fake-out. Or, they have some kind of iron clad deal with fab partner AMAT to buy their crapola no matter what). The stuff about reducing capacity is the same flim-flam we heard from Asia last year, when they closed 4 Mbit fabs and produced more Mbit capacity on 16 and 64 Mbit fabs. And, of course, MU continues to build capacity and inventory. So, I'm still looking for a lot more pain before the industry starts its long climb back up. MB