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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Rich Young who wrote (71923)	10/14/1998 10:43:00 AM
From: JH	Read Replies (2) \| Respond to of 176387

OT XYLN I'll be looking for the following: 1) Volume - does it confirm the strength of the move? At this rate, we might get 3-4 million, which is quite decent compared to the average of 1 - 1.5 million. 2) Bid/mid/ask - are most of the trades being trasacted on the bid or the ask side? So far, the balance is towards the bid, at 238k/63k/183k. Not very conclusive until more trades are tallied. More trades on the offer side indicates more upside conviction by those who are stepping up to the plate to buy. 3) Overhead resistance/trendline - is the 3-month trendline being broken? Actually, resistance lies in the $13-3/4 to $14 area, but it looks increasingly likely that those levels will be challenged in the next few days. 20 day MA is being broken here. Of course, TA isn't everything, but given the huge amount of shorts (1/3 of total float) the speed and magnitude of a rise can be turbocharged, especially if resistance is broken decisively. Decided to increase my position by 200% here, with a stop at $11. Hoping for the best tomorrow.