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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: clutterer who wrote (57721)11/18/1998 9:29:00 AM
From: HairBall  Respond to of 58727
 
madtyrolean: Well, thanks for bringing this one to my attention. I have the data on my current list of stocks I track.

The stock appears to have bottomed after a 2 1/2 year decline back in June. Seems to me that accumulation took place and the stock made a dramatic rise off the bottom. It has since corrected bouncing off its 200 day SMA and has once again made a dramatic rise back to the area of its most recent highs, established in August..

Fundamental news is improving. Its earnings has improved as losses have diminished. IF the opening of its new web site catches the eye of the “new era” momentum players look out! However, they seem to like to new unproven stuff better...<g>

TA is good also. All my indicators are on buys with the short-term indicator giving a buy as of yesterday's close. However, two things to keep an eye on:

1) The recent chart formation could be viewed as a double top.
2) The overall Market may effect it. (If the Market pulls back.)
3) NM needs to break out above the high set in August.

This is one I am going to watch myself. I do not usually give stock advise...<g>

(All Disclaimers Apply)

Regards,
LG