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


To: Lucretius who wrote (402)5/22/1998 7:17:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 14427
 
LT...I think this is what makes the volume aberrations on the osx from day to day. Was there really 3 million shares moving on MDCO the other day? I doubt it. MDCO is a day to day mo mo stock. So is ESV, SLB, HAL, GLM. That's why these low volume trends are so scary, even for short term buy 'n hold action. Short sellers come in and then close out at the end of the day causing a pop. meanwhile the stock just drifts on down from day to day while the big money stands aside until a stock bottoms out.



To: Lucretius who wrote (402)5/22/1998 11:30:00 PM
From: Thean  Respond to of 14427
 
LOL! There are actually two Big Dog(s)!!! Same name, same spelling, no shit!!!

I'll check NKE for you later. For MU, a few things caught my eyes.
1. MU is no longer sticking to the lower BB. It has drifted away from it. Is it a detachment? We don't know yet as it can be a fake.

2. We still have a daily lower low (close).

3. MU long stochastics is about to show a crossover. It can mean the cat is about to bounce.

OPMRF - impressive strength as it continues its rebound from the low. What particularly impresses me is its ability to penetrate $11 and close above it today (a Friday in a down market). $11 is important because it was the previous support line until it was broken recently; and it is at the mid-pt BB. OPMRF is no on the upper half of the BB channel and the $13 appears to be the ceiling for Tuesday for close. It can exceed $13 intraday. However, due to relatively small volume, I can't say a surge will come Tuesday, with news or none.