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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?


To: Larry Voyles who wrote (1638)10/22/1998 11:29:00 PM
From: musicguy  Read Replies (2) | Respond to of 12872
 
Larry, are standard TA values useful on a stock that had the rapid decline that PAMM did? It is now a $1 stock, but thats very recent (hence it being SO far below all the moving avgs)..

I am completely ignorant as regards TA (and most other things as well) but I question it's validity in a situation like this...

I don't think anyone who is currently buying PAMM is doing heavy TA, it is more driven by investor perception, which defies all logic.

Have you ever read any of the Asimov "Foundation" books? TA sounds a lot like his concept of Psychohistory....

MG



To: Larry Voyles who wrote (1638)10/22/1998 11:50:00 PM
From: Trumptown  Respond to of 12872
 
"I had to get out my magnifying glass."- hehe...yeah those crushed sub-primes...thanks for the look sir...I'm not expecting a huge pop, probably some pretty good selling around 1 1/2...then I hope it keeps going...we'll see how it goes tomorrow...risky, but fun!:)

SR



To: Larry Voyles who wrote (1638)10/23/1998 5:04:00 PM
From: Trumptown  Read Replies (1) | Respond to of 12872
 
Larry, your analysis on PAMM was 'right on';

"translation: It looks like this stock is overdue for a *slight* pop, but it doesn't looks like it's going to be a moonshot. If somebody put a gun to my head and I had to make a blind guess, I would say this stock will rise slightly tomorrow on falling volume."

Very strong volume in the AM, then it slowed down after the first hour...the 'pop' to 1 15/32 was pretty healthy...hope it goes again next week...

Oh...by the way, if you see any of those "moonshots" please let us know!:)

Later,
SR