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 (405)	5/22/1998 8:06:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 14427

Did you readthe rumor about Dutch gold sales? If true, we could see a final washout ...although NEM trading at near a ten year low seems about as safe a stock as there could be! If NEM goes under then gold will be worthless. It is the #1 gold producer in NA. I almost dumped a wad on it today but seems to want to get to 26s before it turns up. If Dutch rumor takes hold then NEM could see sub 24 at whch point I will go in whole hog. Mines are closing at an accelerating pace. The strong companies are developing mining techniques that allow gold to be produced at sub $200 price. problem is that price doesn't allow for reserve replacement, debt, etc. These low prices are unsustainable unless everyone quits buying gold...even the CBs have to quit selling at some point.

To: Lucretius who wrote (405)	5/24/1998 9:21:00 AM
From: Thean	Read Replies (3) \| Respond to of 14427

LT - TA updates COMPX (Nasdaq composite) - TA shows signs of breaking down: 1. Adv/dec line is dropping (confirmation this past week). 2. Daily movement is now in the lower BB channel, showing one week of surfing the lower BB already. 3. MA crossover occurs at IQC. 4. Need to close below $1780 (only 20 pts). 5. Next support at 1740-1750. 6. Stronger support at 1470 (18% correction from here to back to last Oct's range). CCI - just checked it in case you're still short on it. I was right again in calling its rebound from 148(?) when it just managed to fill the gap. It may have peaked three days ago and now I see it bouncing from its upper BB. MU - if we have a tech breakdown on Monday, MU needs to break below $25 and close at or below $24. That would do great wonder to ensure the downward momentum carry forward. $22 is the support near term. Stock is oversold technically but an earning warning can make it currently overbought. Drillers - MDCO 207.95.154.130 What I want to illustrate above is the W rather than U that I've been talking about for the drillers and MDCO being the weakest of the group currently reflects this quite well. $17 is the near term support and $14 (Jan low) would be a screaming buy. Note that RDC is also hanging on a hair of support at $28. PKD and BDI are at or near 52 week low. UTI and NBR still can move down easily. NE is the strongest and most resilient of all. Like to see it break apart like an old brick crumbling under pressure and LT, we will buy it at $23.