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: jsavage who wrote (25607)	1/20/1999 11:58:00 AM
From: Trippi	Respond to of 79326

Doug/thread any thoughts on WAVX -- great news today on VerServe with HP -- its my pick of the year --

To: jsavage who wrote (25607)	1/20/1999 12:19:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 79326

JAS, First of all let me say that my style of trading is 98% technical. I base my decisions off what I see on the charts. However, I'm a very big believer in following what the insiders in the companies are doing. In the case of CICI, a officer of the company purchased 1,800,000 shares at $.62 in Sept. That kind of info. gets my attention. My experience over the years has taught me that the biggest percentage gainers are those companies that have been beaten down over the YEARS where the insiders in the co's., by their actions, are signaling a possible change in trend. The stocks that I posted yesterday, imo, are about to breakout of multi-year trading patterns. In the case of CICI it hasn't broken out completely, but if you look at the short term pattern you will see a stock that is climbing. It would be wrong of me to say that this is not a dangerous play. Any stock that trades under a $1.0 has its own inherent risks (reverse splits, delisting). So I believe you have to be very nimble to trade this issue. I hope this helps. SO