SI
SI
discoversearch

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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (8118)10/1/1998 12:12:00 PM
From: stan s.  Respond to of 34810
 
I'm happy to be of service! Ooops, just noticed you didn't need any help.



To: Ms. X who wrote (8118)10/1/1998 1:35:00 PM
From: Jorj X Mckie  Respond to of 34810
 
Hi Jan,
It's TDT Time!!!
I have sitting in the wings waiting for the right time to get into ASND. I did it today. It came down to the BSL today at $42 and has further double bottom support at $40. Risk that LU won't want to buy immediately due to decrease in market cap and rumor that Mory won't go for less than $70. I got into Nov40 Calls.

I got into XYLN a couple of days ago. Support at $10.00. Also rumor that LU will pick them up. Don't really believe the rumor since there is significant product overlap with recent acquisitions. However I have made a $1.00 already on this one.

Sold my AMZN puts today for a loss. Kept my LCOS and CMGI puts, both are in the money.

CMGI broke a double bottom today with next support at $41.
LCOS also broke a double bottom today with next support at $23.

Tom



To: Ms. X who wrote (8118)10/1/1998 1:54:00 PM
From: Dennis J.  Read Replies (1) | Respond to of 34810
 
Hi Jan!

Looks like a lot of ugliness will show up on the p&f charts tonight. Reversals seem to be widespread.

With LU breaking resistance at 67, what next? Do you have a new target for CSCO and EMC as well?

Thank you.

Dennis