SI
SI
discoversearch

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 : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (1977)3/24/1999 8:16:00 PM
From: geoffrey Wren  Respond to of 3069
 
It seems what set the tone for the price decline today was a single transaction, roughly 450,000 shares, right at the market opening, some 3 points off the prior day's close. Someone was on the purchase end of that transaction. . . . that might be the smart money investor.

Geoff Wren



To: Zeev Hed who wrote (1977)3/25/1999 7:35:00 AM
From: Mark Ivan  Respond to of 3069
 
Zeev,

>>Mark, it not a doji and surely not a dragonfly, it is a simple red candle with a relatively large shadow.

OK, so you're right, but it's pretty darn close. The stock opened at 41, but dropped to 38 or so quickly. We then saw the huge drop to 33 1/8 and then back to 38. So, if may not be a dragonfly "officially", but it had the essence of one. Then again, I'm new at this, so I am learning.

Any rate, if you look at the other "large shawdows" of Mid and late Feb, they do seem to signal a short term turnaround.

iqc.com

Mark