SI
SI
discoversearch

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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (17328)3/31/1998 3:08:00 PM
From: RealMuLan  Respond to of 95453
 
On FGII: I think this stock is more like a news-driven stock. Looking at this year chart, the stock price went as high as over $33 twice, once in early Feb. and once in early March, all because of the news release. This company really knows how to please the Wall Street and pump its stock price. So it deserves a higher than average premium. About how low it can go, may be as low as $24-$25, but would not stay there long. I am sure a lot of people are waiting to buy at that price. I would say it has a major support around $27. Even if the price goes below that, it would not stay below it longer than 3 days. I don't think it will retest the low at $20. Just IMO.

good luck.



To: The Perfect Hedge who wrote (17328)3/31/1998 11:38:00 PM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
<TA> Yep, got a sell signal on FGII after the close today on the stochastics peak sell trading system. Got a bunch of other sell signals too on the peak system, including the OSX itself. This system was designed to keep me in the longest.

I'm ashamed to say it, after saying this is it several times, but I sold nearly everything today. The charts were just too compelling to sit around and do nothing. I imagine I'll be back in sometime next week, hopefully at somewhat lower prices.

I never know how low they will drop, just when the drop is probably over. Strictly a timing system.

rgdoczzz.home.texas.net