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.
Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Mavrick who wrote (22196)3/31/1999 3:19:00 PM
From: Glenn  Read Replies (1) | Respond to of 90042
 
I was chuckling and thinking that some one here probably bought it at 19 and that was the reason.
It can't run too close to 25 as that is too close to the buy number.
I'd love 20 though.
Glenn



To: Mavrick who wrote (22196)3/31/1999 3:21:00 PM
From: Dave  Read Replies (1) | Respond to of 90042
 
I wouldn't say tremendous resistance...volume dropped and it barely touched 19 to begin with. I would define $19 resistance more if it was met with a lot of selling and also if it was tested more firmly.



To: Mavrick who wrote (22196)3/31/1999 3:28:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 90042
 
Resistance would be established where a lot of people have entered the position and have subsequently seen the stock price drop. When it approaches their buy-in point, they think to themselves "finally, at least I can get out of this position without loosing money". When all of these people are done selling, then the stock can move up. Of course, this is just IMHO and not necessarily fact.

Message 8592633


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News