To: Bob Smith who wrote (8021 ) 8/1/1998 2:05:00 PM From: Herm Read Replies (3) | Respond to of 14162
Howdy Bob! Hummm, BS? :-) Just kidding! CPQ CPQ looks like it will tag upper BB at $35 before going downward. Why? Price above RSI 50 and that lower BB is confirms the upper BB as up right slant. Strange, but look at the recent history of CPQ and it has occured before.bigcharts.com BTGC Dazzled took the words right out of my mouth! Nice chart reading Dazzled. My poor buyer's BTGC CC for 7.5 JAN @ 1 3/4 is now only worth 7/8s to 1 and I'm just smiling away and feeling good since I've been able to hedge the drop with my CCer premie! No money out of my pocket. Looks like a slow drop to $6.50 again and maybe lower if that volume does not pick up soon.bigcharts.com XYLN It would seem that the last time XYLN has a divergence (Jan-Feb 1998) where the lower BB was slanted right angled downward as the upper BB was right angled upward while the RSI was increasing it gapped upwards in price. Hummm XYLN may very well break the over head resistance this time around at the current pick level. bigcharts.com P/E Value NASDAQ: (XYLN : $24 11/16) $1,049 million Market Cap at July 31, 1998 Trades at a 39% Discount PE Multiple of 29.7 X, vs. the 48.9 X average multiple at which the Networking SubIndustry is priced. Do I smell a real deal here? The XYLN moves up on above average volume yesterday when the NASDAQ eats -47.19 point drop! Impressive!INSIDER TRADING Could account for the recent correction. Just taking a few dollars off the table. biz.yahoo.com SHORT INTEREST How about that! Number of actual shorted shares drops between June and July but because of reduced trading volume the shorted shares represent 14.55 days of trading volume. A upward gap may be possible again. Perhaps a small kahuna in the making. Anyone have a match! 07/98 10,365,104 712,203 14.55 06/98 13,594,337 1,044,116 13.02 05/98 13,432,140 1,371,143 9.80 04/98 13,561,604 1,515,984 8.95 03/98 13,430,835 1,484,246 9.05 02/98 12,545,556 1,519,529 8.26