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.

Technology Stocks : GenRad Inc.(GEN) entering the ADSL market! -- Ignore unavailable to you. Want to Upgrade?

To: UNOO who wrote (263)	8/13/1998 2:45:00 PM
From: Jim Goodman	Read Replies (1) \| Respond to of 283

thanks, but please realize, just with trades you listed, he's down $ 160,000 ?, did not buy only near 16, in July, then, and did not cut loss when GEN broke below 16, as we did...but, yes, when/if GEN forms another base at some point, hopefully holding around the 12-13 area, (where, BTW, GEN has a slight triple-bottom, going back to 1996 ?) his losses may diminish long-term ? .I'd be interested in knowing at what prices they bought the rest of that huge position.... as I teach my subscribers, just having "large buyers all the way down" is not necessarily an automatic bullish item, even long-term, but, nice people who happen to be long, often at unfortunate large losses, tend to point out such purchases as potential items of less-bearish bent, yes ? so, I do wish you well, but, gosh, the guys I want to follow, and "do what they do" more often, are the guys who only buy stocks right near the lows, correctly....seriously, did this guy by a bunch much higher also ? Hope this helps....without a takeover, its going to be difficult to get GEN over 18-20. resistance around its 200 DMA ahead....I will teach anyone interested in learning the 7 stages of my "PSYCLE sm" through which most all stocks pass, over time....I just see a ton better-looking depressed Tech. stocks out there than GEN, but, again, wish you well.....and wish I could be more positive on this one....I just want to help people learn how to time buys/sells better....its what I do.....