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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: HandsOn who wrote (14438)3/11/1999 6:47:00 PM
From: James Strauss  Respond to of 29382
 
HBIX...

Hands:

HBIX was trending down for a while... MACD has been negative for over a month... The price dropped below its 13 day MA over a month ago... Also, Relative Strength has been trending down for about a month... This tells me that insiders knew about some bad news before the announcement... Sure enough, an earnings shortfall was announced today... Charts give us a window into what insiders are doing regardless of what they're saying...

Jim