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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (59)	5/4/1998 11:00:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

LT - regarding MU (second read) If I recall correctly the last time I said MU has to break above $32 to be sure it has more upside to come. MU was near breakout today but it did not close above $32. Therefore, no breakout yet. The closing number is very important, not intraday. Those who bought intraday upon MU breaking through $32 has at least one more day of waiting for confirmation. Also, I remember your questioning my view on calling MU being up long term. Please remember my "long term" is more like intermediate term to many - like 1-3 months. In that timeframe, MU has a recent pivot low that is higher than the prior pivot low so therefore the "intermediate" trend is up. If you pull up a 2-3 years chart then I agree the trend is still down or base-building. Now if MU fools around with $32 and could not break and close above it decisively in three trials, go ahead and short because then you would have a better odd. Shorting right now is 50:50. For waiting these three days, you odd would probably increase to 60:40. OK - here are my timeframe: Short term - 1 day to 3 weeks. Intermediate term - 1 - 3 months. Long term - 3 - 6 months. Anything longer - I'm really not that smart. LT - good call on SEV this morning. It was smoking all right - up 12%. I should have you do me a sm0king piece a day on the stock I hold and I'll rich beyond comprehension real quick <ggg>. I still don't get it why this thread is #2 in the hot subject list. I thought SI calculate hot subject ranking by taking into consideration at least, 1. The number of bookmark (which should be 4-5 since that's all we have, unless we have the driller crowd bookmark this without telling us??); 2. The number of hits per day; 3. Newness of the thread.