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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (25167)	1/8/1999 12:30:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79227

ASPT Doug, What's particularly interesting about ASPT is that its entry-day low is not its 52-week low, which was set, after a two-day plunge, on 10/16, at 11 3/8. This could play out in several ways: 1) A harsh time of it for any signal-day players, as a new post-gap low would probably also signal Sell for all the automotrons who think that the arbitrary figure of 52 weeks has ANY meaning; or 2) A great intraday play, in which the general market overreacts to the new 52-week low, and we get a mad stampede for the doors, until everyone suddenly says, Wadeaminute, this isn't such a bad stock, WhaddamIdoin? and the stock ricochets off an intraday bottom. Speaking of intraday bottoms, mucccccchas gracias for indirectly getting me out of SMTK (I don't understand the point you're making, by the way, for having gotten out of AKLM today). Phew. I'm stalking SMTK as a day-trade today. Still looking for the double bottom at a buck-teeny. Check out VNTV, which is breaking out today. I'm sure it's too much a new-comer to the valley to be a Whoosis, but it's got a lot of daylight ahead up to 18, IMHO. Whoops, there goes SMTK. Gotta put on my green stalkings. Ivan Don't know Ivan Ivan