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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Christiaan McDonald who wrote (3916)6/2/1998 9:11:00 AM
From: Arthur Tang  Read Replies (1) | Respond to of 21143
 
Thank you, Ken. If you are interested in workable TA, I have the writings on "Analysis class for beginners" search technical analysis.

Most indicators do not work all the time, therefore are useless. But trend lines drawn from the right side of the chart to the immediate left (very few days involved) works well. Breakout and breakdown caused by oversold and overbought works. You have to know how to interpret the breakdown in low volume or high volume. Once it breaksdown, you have to wait for the breakout to buy again.

The problem with trading to force price down happens; but you have to be a market maker. So much for that.



To: Christiaan McDonald who wrote (3916)6/2/1998 11:31:00 AM
From: steve olivier  Read Replies (1) | Respond to of 21143
 
Ken,
You are right, this is a great trading stock - tight bid/ask, lots of volume, and most importantly a story that causes people to get excited from time to time and move the stock to extremes. Buying and selling on those extremes is how you make your money.

There is no one indicator or method that always works. If it were that easy we would all be rich. Trading involves a lot of work, requires discipline, and most importantly requires being willing to be wrong. Most people are more concerned with being right and they want to be able to say I told you so. They didn't sell at 4 1/2 because the stock could go to 6 and they would look dumb and be wrong. And they won't buy as we correct to low 3's because the stock could go below 3 and they would be wrong. The best trades I have make are the ones where I have said to myself what the hell are you doing, are you crazy? And the worst trades are the one that I felt real comfortable will after I made them because they seemed like the logical thing to do. Being a good trader requires that you go against everything that seems rational at the time. You have to go against everything that is normal human behavior. Forget the charts and indicators, if you can't overcome the mental aspect, you will never be successful in the long run as a trader.

Your method of buying and holding this stock, especially if you basis is low, is probably the best thing for 95% of the people out there. I only have tried to caution people that if they want to be a long term investor at least be careful with your entry points and don't buy when all the table pounding (hype) is going on, because as we have seen, this stock does correct!



To: Christiaan McDonald who wrote (3916)6/4/1998 8:19:00 AM
From: Christiaan McDonald  Read Replies (2) | Respond to of 21143
 
Dissent is healthy, lying is not. I welcome dissent, we need it to
keep a balance. However, outright lying can hurt a stock short term
and if technical damage is done, it can take a while to repair it.
CNBC reported yesterday that a false rumor on the Internet drove a
stock down sharply but it later recovered when the rumor was proven false. My experience, though, is when a stock gets hit like that many
investors get nervous and the stock take a good while to recover.
The reason I bring this up is there is someone on Yahoo, who posts
under "steamer_ VOD" who is posting outright lies, much as Tmrent did
earlier here on SI. I think that Steamer and Tmrent are one and the
same but of course I don't know that for sure. What is his motive?
Only he knows for sure but I have always thought it was to get
proprietary information on CCUR. He thinks that if he can agitate
enough people, someone, maybe from CCUR, will respond and let out
some information. The company he works for knows how to ask the
right questions, they just don't know any answers.
Ken