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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (1662)5/19/1998 12:22:00 AM
From: Kurt N  Read Replies (1) | Respond to of 1757
 
>>Look at the chart I made and that is the value analysis and that is why it is going to be hard to day trade because they are going to bounce off each.<<

It's going to be tough for day traders to juggle all 3 balls (MIDLW/MIDL/MIDLP) at once.

Since the triad are now/close to alignment, when one of the 3 moves the other will move and because the other 2 moved the original one will move and so on....until equilbriam is achieved.

Before it was an almost no-brainer which of the 3 was under-valued. Now the one that is under-valued is no longer static. Day traders are going to hate this, because when one moves up the other 2 will be under-valued and investors will go for one of the other 2 pushing them up. The one they thought would go up quickly doesn't so they sell, causing it to be undervalued (only to be confused when it goes back up, they buy in again, doesn't move up, and they get extremely ticked).

Man is this going to be fun or what!! I like the last paragraph of MIDL's press releases (in general) since it point blank tells you what will happen next.

Kurt