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 : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Lins who wrote (8687)	10/29/1998 7:40:00 PM
From: Sun Tzu	Respond to of 16960

===== OT VISX: Do not read if you intend to answer the VISX question ===== >>So, you going to bank on TA or Fund?<< Your answer is TA, though I've already said that I don't invest if TA & FA disagree. That the stock is no where near its lows does not bother me. As you've pointed out fundamentally this is a very sound company. But back to our analysis. Like I said in my original post, all the normal TA factors scream stay away. But I think this is one case where they are lying. I am basing this purely on past 5 trading days' and mostly on yesterday's and today's action. Yesterday the stock droped $6 on tripple the average volume. Today, it rocketted $7.5 on double yesterday's volume! The high volume and magnitude of the drop during the 4 day decent plus today's down shadow and ultimate close at the highs, to me indicate a definative loss for the bears. Take another look and if you see it differently let me know. BTW William's %R contridicts the negative trend and says it's a buy. Happy trading, Sun Tzu P.S. The more I look at it, the more I think I should short EBAY tomorrow. If only there were options.