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.

Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: John S who wrote (669)	1/31/1999 4:42:00 PM
From: Rocket Red	Respond to of 3896

Yes your theory may be correct but i will watch the action on monday to see what the market says.

To: John S who wrote (669)	1/31/1999 5:11:00 PM
From: Wizzer	Read Replies (1) \| Respond to of 3896

Welcome JohnS. You will find SI to be a great experience.<eom>

To: John S who wrote (669)	1/31/1999 5:54:00 PM
From: J. Plantinga	Respond to of 3896

John, we must be reading the same books. I agree with most of what you said. This stock has behaved very much according to the "rules". The breakout/rise to $2.55 was predicted very precisely by the previous reversal pattern. The subsequent 50% pull-back on declining volume to form a nice pennant has also been by the book. Where I disagree with you slightly is in predicting the next rise. The rise after a pennant formation typically matches the size of the rise before the pennant. The measuring formula is applied from the point the upward movement is renewed. The last surge went from about $1.25 to about $2.50. So I'm looking for a rise of about $1.25 from the point the next break-out occurs--the current level of support, I believe. So I expect the next rise to break through the $3.00 level briefly and then pull back again, at least temporarily. (Of course, all the usual caveats apply.) To All: I'm enjoying our discussion very much. Thanks everyone for sharing varying opinions intelligently and disagreeing without getting disagreeable. It's quite refreshing to be involved on an active thread that is about information and opinions and not personalities, accusations, name-calling, etc., etc.. Cheers, JP