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 : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: John Harton who wrote (5188)	1/23/1999 10:16:00 PM
From: tommy gunn	Read Replies (1) \| Respond to of 11051

JOHN, ON ANALYZING DETAILS The great introduce us to facts; small men introduce us to themselves. RALPH WALDO EMERSON Your the DUDE! tg

To: John Harton who wrote (5188)	1/23/1999 10:48:00 PM
From: MonsieurGonzo	Respond to of 11051

John; RE:" ELY - Callaway Golf " By "position", I was wondering if you were long or short, at what price, leveraged or holding equity; and whether you were "trading" or "investing" long term, John. By "thin" I was giving my first impression of ELY's latest movement, which shows a long base at ~10 for a duration of 6 months, and a near vertical move up > 25% on heavy volume Tursday+Friday (one would sum these two day's candlesticks together to depict one long, white candle) : supply/sellers was thin and demand/buyers was heavy on Thursday+Friday, as if there were an order imbalance. ELY has not busted out of ~13 for 6 months, nor fallen far below ~10, either. There is no short-term or intermediate trend, per se - the most remarkable feature of ELY's chart is its long basing period at ~10; secondly the tremendous free-fall in prices from 1997-98, the stock losing 2/3 of its value: That DownTrend ended at ~10, when ELY became "dead money" @ 2.65% APR yield, ~3.8% taxable equiv APR yield in a tax-free account (rather than "a machine that destroys kapital"). News-wise, we note that ELY reports earnings next week on 28-JAN. T/A-wise John, ELY has a low correlation to RUT.X or to the S&P-400 or, any other sector index: since July-98 ELY has been a speculator's stock rather than a high-visibility trader's stock or an investor's go-with-the-market-mo growth stock. The only classical chart pattern is the long base, with occasional blips without breakout > 13. I would suggest using a Point & Figure style chart here, John, until there is some sort of trend evident over time. Else, go intra-day, John, exploring time-slices less than 30m. -Steve

To: John Harton who wrote (5188)	1/24/1999 2:11:00 AM
From: Berney	Read Replies (2) \| Respond to of 11051

John, let me take a shot at ELY as well ELY was another stock that convinced me that FA had some seroius flaws as an investment tool. It caused me some pain in 1997, and I hadn't looked at it in a long time. Funny how the bad taste remains long after the bad experience. ELY may well have broken its down trend. But, I would never buy it in front of earnings. I'm from Missouri on this one and it is going to have to show me. It has too great a habit of running up in front of earnings, disappointing, and getting killed. Maybe, just maybe, they have finally turned it around. Until proven, I would just play the short term. Berney