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.

Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (10415)	11/28/1998 6:26:00 PM
From: AlienTech	Read Replies (1) \| Respond to of 34810

>>Spread triple top breaks are fine, but when not sustained by nontechnical factors ... << Well there is some tidbits that the same people (Goldman and Alex brown) who brought the EBAY IPO are also involved in bringing another mall IPO called mcafeemall.com. Also First Boston just upgraded them to buy last week saying the stock will trade at a multiple to the rest of the software industry. Maybe the brokers know something and has to do with the recent run up. Maybe they will do a MALL thing and you get a share of the new IPO spinoff when it comes out? We are the last to know and by the time we know its time to sell anyway.

To: Judy who wrote (10415)	11/28/1998 7:09:00 PM
From: Jerry Olson	Respond to of 34810

Sweets I have fallen and I "can't get up"....heh heh i'm well aware "voice of reason" that the frothy bubble is about to burst... it just ain't gonna happen just yet...tight stops and prudent FA & P&F will keep me warm at night... going to din-din with the wife...i know you got my mail....

To: Judy who wrote (10415)	11/29/1998 1:19:00 PM
From: Bwe	Respond to of 34810

Dear Judy, With regard to EMC's p&f chart, the stock has now surpassed a Bullish Resistance Line, a trend line that has been a pretty good guide as to the upper end of of it's trading range since it was drawn in 12/97. The stock has traded above this trendline, though not too far above it, for months at a time, only to fall below it once again on market corrections. Since my own personal rules for selling stock are that I look for a 50% gain in a 1 -2 year time frame, and since EMC has rewarded me with a 50%+ gain in less than a years time, I sold 1/3 of my EMC shares on Friday. The long term price objective of $108 remains intact and I consider the remaining EMC shares in my account to be a core holding. Hope you had a good holiday weekend! Bruce