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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (2123)	8/25/1998 11:00:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Marie, SEBL has the following supports and these are pretty clean, transparent supports: $24, then $22, then $16. With the overall market weakness, it can go to the first two supports by just following the general market trend. However, a close below $22 would be bigger trouble as $16 is the next clear support. If you want to go long, one can step in after one of these supports has been tested successfully. I generally like a bounce off the support followed by a confirmation the next day with a higher close. Big intraday penetration below the support with a close at or above support is a dangerous sign and one should definitely wait for confirmation before stepping in if this happens. Also, how long do you plan on going long on this? Until its business peaks? Or just want to catch some of the up move? Think also about the exit strategy before stepping in. If it is for short term trades, a successful bounce of its current lower BB position would be good enough. But I doubt you are talking about a few days or hours trade. How much do you know their business? I just recently follow it and have very limited knowledge of its business. Can you tell why are you interested in SEBL? All - look at the following chart for SPX 207.95.154.130 It is pretty clear to me that the short term resistence is 1110 (upper BB) and the support is 1056 (intraday) - 1065 (close). If we stay within this band, we will continue to grind. One of these days, it will break outside of this band, but I don't know which way.