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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: Al Greenleaf who wrote (1309)8/9/1998 3:25:00 PM
From: freelyhovering  Read Replies (1) | Respond to of 1720
 
Al--Even tho you didn't ask my opinion, I decided to offer anyway. Of the three charts, the one looking most ready to me is UC. It started a 3 day RSI trick on Friday and should follow through for the next couple of days. That is, if the theory is correct. <gg> Later, Myron



To: Al Greenleaf who wrote (1309)8/9/1998 3:27:00 PM
From: MENSO  Read Replies (1) | Respond to of 1720
 
good evening, dave.

could anyone on this thread please offer an opinion on this company?

stvinc.com



To: Al Greenleaf who wrote (1309)8/9/1998 9:29:00 PM
From: HeyRainier  Read Replies (2) | Respond to of 1720
 
[ QSNDF ]

Al,

I certainly hope you were not just looking for a short term trade with QSound Labs. You know my stance on the company and the time horizon I have recommended. Given the developments at the company, it would seem appropriate to continue holding. With the share buyback in place, another important piece of the puzzle is completed. All developments are on schedule, and its presence on the internet is solidifying.

Patience, my friend, though I admit the technical picture still remains weak.

Regards,

Rainier



To: Al Greenleaf who wrote (1309)8/10/1998 1:25:00 PM
From: HeyRainier  Respond to of 1720
 
[ UC, LPX, PKS ]

Hi Al,

UC's chart is in a precarious situation as it's being pinched in the vicinity of some key moving averages. Generally, the trend is down, but it is at a point where it is attempting to break out of its trend.

While today's action doesn't look so nice, there is some hidden strength that is evident from the chart and my indicators: If it's going to make a move, it could happen soon, as a number of technical hurdles have been cleared for a good advance. (LPX has cleared some of the same technical boundaries, but it suffers from a poorer trend). It just needs a catalyst now. Any ideas what that might be? And you know what, I like that miniature Ascending Triangle on the charts as well. But be wary of any breakdown from this pattern.

The fundamentals tell a different picture though: poor cash and debt levels don't make this the most attractive issue. Earnings have been sagging, but it also appears that based on analyst forecasts, the company will have one more poor quarter before the earnings recovery will get back on track.

I would prefer to have the company actually be back on track though before proceeding with any serious commitment to the stock. The next two quarters should serve as a better guide to where this company is going.

As for PKS, while it has an attractive long term chart, it is deteriorating somewhat, and the earnings are extremely erratic. I suggest caution if you're interested in this in terms of a longer term commitment.

Regards,

Rainier