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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (28990)	3/22/1999 11:34:00 PM
From: nokomis	Read Replies (1) \| Respond to of 120523

Great post Jenna - especially for TA students such as myself (wish I was in BCST..is it too late or can you recommend a re-entry point for those who have sold? On a sadder note, could you (or others on the thread) give us an update on how you read the current chart for GNSS? Many thanks, NOK

To: Jenna who wrote (28990)	3/23/1999 2:37:00 AM
From: MARKZAW	Respond to of 120523

TA on BCST.. Very good explanation on the TA for BCST, and in fact I also bought based on similar conclusions... yet let's not minimize the impact of the news today (yesterday) re. the possibility of the YHOO acquisition, putting the stock into play...it seems almost impossible to predict such events with TA alone. Nite nite Mark Z

To: Jenna who wrote (28990)	3/23/1999 7:18:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 120523

Morning Jenna Your observation on BCST is right on the money...I exclusively use P&F CHarting, because for an old, pea brained person, i need to keep things simple...and Point & Figure is just that... A stock Like BCST, after you posted it on the list, just moved within a range when it moved lower..actually when i looked at the chart it meant nothing for the stock...we call it "noise"...movements that have no real meaning...jiggles, up a bit, down a few, not really having any great effect one way or the other.. However, when the chart shows you "THE" number to watch as a possible breakout point, and the stock "HITS" that number, and of course market conditions & "SECTOR" position in the right direction, THEN you get an explosive move... Couple that with any other charting indicator that's basically showing "THAT" potential move..and Wham!!!!!! up we go...hard and fast....works almost every time.... Really Like your idea about have an archive of the better past plays..i trade them all the time...excellent longer term holds... Also, we are due for a market pullback now..we're very overbought..this becomes a hit & run market for right now...everyone should take profit quickly, use trailing stops...and don't get so euphoric about "watching" a sock explode like yesterday, and then implode quickly...don't let profits erode away...a no-no...preservation of capital..."THE" most important thing to remember...markets are open everyday..... always enjoy your thoughts and watching your trade like the pro you are... my regards.. Jerry