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 : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (2248)	2/25/1998 7:27:00 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 3029

Doug....this is a difficult one. Until the mystery regarding TSA, RDRT's FOS program.......and now additionally these moves by others into Flex..... clears a little, it's really tuff to say.... I've never really had this kind of doubt before re: invx.... hence my caution at the moment..... DD's in general appear to have bottomed..... so my concerns are about invx's business in general at this point.... hopefully we will see more light on this soon.... as to oversold.... not so sure about that either.... here's some TA stuff however..... Analysis of the rate of change of the exponentially smoothed average price suggests the start of a downtrend for this equity. The rate of change is negative and continuing to decrease which indicates increasing downward force. This is a bearish indication for a continuation of this move. The equity price has crossed and closed below the intermediate term 7% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a weak bearish signal which is sometimes followed by a downward movement in prices. The equity price has crossed and closed below the long term 4% exponentially smoothed average price. This indicates a continuation of the current price movement and is considered a bearish signal which is sometimes followed by a downward movement in the price of the equity. Today's prices for this equity show a gap in price to the downside. This is often an indication of strong selling pressure and is usually followed by more downward price movements. This is especially true when the current price is above the intermediate term exponentially smoothed average price. Regards, Joel