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.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Blacksmith who wrote (12631)	8/12/1998 10:54:00 AM
From: Tenpole	Read Replies (2) \| Respond to of 18691

Momentum players have all gone to GCTY....

To: Blacksmith who wrote (12631)	8/12/1998 10:55:00 AM
From: Oeconomicus	Respond to of 18691

I can't understand why anyone has bought a share since. Greed. Dipsters that are convinced the climb to the stars will resume. Perhaps they missed out on the move to the 140s and don't want to miss out on the next big run which they are sure will take it to 200 and another split. If they can't understand the total lack of fundamentals, do you expect them to understand the finer points of TA? Bob

To: Blacksmith who wrote (12631)	8/12/1998 12:54:00 PM
From: Marconi	Respond to of 18691

Hello RJH: Still, this run-up requires quite a bit of buying. I can understand why people bought the stock when it was a momentum vehicle. However, that momentum was clearly over the first time it started dropping from ~140. I can't understand why anyone has bought a share since. Two thoughts: ----there is a lot of poorly managed money sloshing around in the market -----in the absence of solid direction, it seems to take around three rounds at something before the public at large catches on for the most part. This would be advance #2 on lowered volume compared to the initial high volume uppity-up run because it goes up.... The short at 130-140 makes sense. And maybe a cover at 90 to 120 would make sense consistent with this view. Then another short again in the 120+ range and a partial cover at 100 or lower--taking a 'free' position with a partial cover then may be a fair approach. When real money comes out of the market for fundamental reasons, then the footings of a slide will be set in concrete, me thinks, so me thinks... Best regards, m