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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: the Chief who wrote (1370)11/19/1998 11:31:00 AM
From: Buckey  Read Replies (1) | Respond to of 4467
 
I use that simple moving average of 12 and 8-18 for the MACD options and the buy signal came at 2.70 at 11:12 EST. First time since open when both indicators were shoeing buy. I always wait a minute or two for the lines to continue and then the chart crashed but i had the ticker and I like it so poof 2.75 confirmed now.

should bounce into the threes at some point



To: the Chief who wrote (1370)11/19/1998 11:33:00 AM
From: Chad Barrett  Read Replies (1) | Respond to of 4467
 
<< Brokerages are throwing in large orders to hold the price down. I think they are doing the same thing that kept the stock at the $2.00 level and traded 5,000,000 shares, only to choke off the supply and Bang! away it went!! >>

I hope you are right about that! *grin*.... I definitely wouldn't mind another "Bang! away it went!!"

I guess it does make some sense for them to hold it down for a while... to let enough shares to change hands a certain level so that a nice base forms? Or... do you just think that they are being greedy?

Chad