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.

Biotech / Medical : Theragenics (TGX) on the up and up -- Ignore unavailable to you. Want to Upgrade?

To: MSB who wrote (1041)	8/6/1998 8:34:00 AM
From: Jim Roof	Respond to of 1055

Well... there is no way for sure to know where bottom is but there are ways to analyze trading patterns that give a significant edge on the guesswork. It can get rather involved and is as much art as 'science'. THRX has made a pretty big dive and had consolidated for a few weeks in the mid-high teens. It has now broken down out of that consolidation (about 75% of the time the price gets hung up in a range of trading after a big move it will continue in the same direction after a few weeks). These areas of consolidation are called 'flags' because they look like a flag or pennant on a mast (with the mast being the big move on the chart). The flag tends to form at the halfway point of the total price move. That's why I said I am expecting single digits. After that then look for signs of reversal. Jim