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 : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Muhney who wrote (3922)	10/10/1998
From: HairBall	Read Replies (3) \| Respond to of 18998

Muhney: I don't think you will ever hear everything, if you are the professional you claim to be and have never heard of moving averages for technical analysis! How about taking out your frustrations on the Insult Thread! Regards, LG

To: Muhney who wrote (3922)	10/10/1998 12:01:00 PM
From: anyer	Read Replies (2) \| Respond to of 18998

Muhney, I was assuming NASBULL saw what I saw: PVN has broken massive top from 55 to 85 stetching timewise from April to October. Furthermore the break was on huge volume; much greater than any on the runup. Many buyers trapped in PVN and will use any rally to get out. THE ONLY QUESTION which remains to be answered is how high will the oversold rally carry. My read is the bulls will keep hyping talk of Fed rate cut and that is giving impetus to rally. When cut finally announced they will realize: TOO LITTLE,TOO LATE and PVN will go down because it is overpriced and overloved. My problem [ only short term] is how high does the rally in PVN go, before turning down. 70, I would assign a 25% chance ; 60-65, 50% ;55,25%. MR. PINK answered the ? already. As you know, 55 already taken out. Don't believe what management says; the growth is unsustainable with credit contraction coming. Wall street laying off people; they may talk bullish, but would they be laying off employees for a temporary downturn? Regards, Anyer