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 : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Brett Nelson who wrote (4139)	4/18/1998 10:15:00 PM
From: Giraffe	Respond to of 18016

>>other words, think of resistance in terms of market value, not absolute price per se. The market is rejecting that this hypothetical stock's market value is worth more than $100. Whether that's 1 share @$100 or 2 shares @$50 is immaterial as long as your chart is adjusted for the new shares outstanding.<< That's quite right. And aside from the question of value - most TA's just look at the split-adjusted chart, draw a line across the resistance support points and say to themselves "better be careful when it nears that line!". So you wind up with a bunch of people looking at the same price point on the chart and getting antsy if it looks weak when it hits there or enthusiastic if it breaks through with strength.

To: Brett Nelson who wrote (4139)	4/18/1998 10:47:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

Has this been discussed? <<< Newsbytes - April 16, 1998 10:46 SYDNEY, AUSTRALIA, 1998 APR 16 (NB) -- By Stuart Kennedy, Computer Daily News. Newbridge Networks [NYSE:NN] has planted its South Pacific headquarters in Sydney, saying its investment in New South Wales will reach AUS$40 million as it ramps up its Australasian operations. The company will build a switched routing center, a broadband access center, and a network management center, and increase its staff from 75 nationally to 110 within five years. Reported By Newsbytes News Network: newsbyes.com (19980416/WIRES NETWORK, BUSINESS/) >>> [Sitting here waiting for my daughter's boyfriend so we can go to dinner. :) ] Pat