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 : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: JRobinson who wrote (1405)	11/22/1998 1:32:00 AM
From: Feraldo	Read Replies (1) \| Respond to of 3541

Both the earnings and the stock. If you look at graphs enough, IMO, you just pick at certain characteristics. I've read Bill O'Neil's book three times and the old version twice, and he misses a lot on charting. My dad found all kinds of stuff too that he totally missed. The RS line and all the other info that his computer generates, he doesn't even know how to use. He admitted that in an interview once. My dad and I used to get the printed daily graphs books weekly. We had both NYSE and NASDAQ. We looked and studied every single chart in the book every issue for two solid years. It got to the point where we could tell you the closing price of the next day. We could never do it with our own money though. We are cursed. We both manage our mom's money and we make it grow nicely. But our own money just sits and stares. I am a little shody right now, but eventually I'll get back up to par. For example check XOSY, BEBE, TAGS, GBLX. We had those pegged to the day that the run would begin. But our own money is in slow movers, such as IFCI, PSIX, blah blah. We could be making a killing if we could practice what we preach. Now to the point. If you really knew what I was thinking like right now, you'd understand why I just typed that, but you probably don't. In fact ignore it. Anyway. What I have observed in many instances is this: if a stock has a large amount of volume, while trying to set a new RS high, and then doesn't clearly set that new RS high, it will fail. Example IFCI had those huge days, several days in a row and then they didn't clearly define. I would have bet my life that unless a takeover would come along that the stock's run was going to end very soon. But of course at the same time I didn't really pay enough attention to the fact as I should. Someone also said here that we have fallen in love with the stock and will interpret everything as good. And yes we have, or some of us. Rule #1 on the no's for William J. don't fall in love with a stock.