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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Ahmed Elneweihi who wrote (43469)	4/29/1999 12:33:00 AM
From: PartyTime	Respond to of 95453

Interesting comments from two lamenting FMA investors whose company's assets appear headed UTI's way. (see press release) biz.yahoo.com (comments from FMA investors) >>>UTI shares up ! by: Swissair101 (38/M/Calgary, Alberta) sted: 04/28/99 371 of 379 What a shame ! UTI shares up over 15% ($1.50) over the news. No kidding - they robbed FMA ! What a deal they got.<<< >>>It is a good deal by: cm555 Posted: 04/28/99, 350 of 378 I guarantee that whoever got the assets got a heck of a deal. The bank just wants to dump this liability. In cases like this the bidders usually make their offers quite low because they know the situation. I still can't believe the banks did not appoint a receiver to run the operation until the business environment was better. Maybe that wass not possible, but knowing the Canadian banks..... They just want to protect their enormous profits and do not want to take any risks at all. That is why American companies continue to take over Canadian firms. US banks are ready to take more risks as are the investors. It is really pathetic and sums up why Canadian business is in the state its in, never mind the high taxes paid. I am a Canadian and will probably not invest in a Canadian firm for a long time. It's just not worth it. I invite other comments.<<< Myself? Right now, I'm rootin' and tootin' with an oil-patched quilt, cheering on UTI, FLC, PGO, PDE and GW! And, oh yeah, still hoping TRGC'll will spin brightly out of its past shadow. Whose got their tomorrow prediction shoes on?

To: Ahmed Elneweihi who wrote (43469)	4/29/1999 8:50:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Ahmed, for my own calls, I look at a divergence as occurring simply when a new high price (or low price, as the case may be) is not matched by a higher (or lower, in the case of a new low price) MACD. I believe you are correct in pointing out that the index could rally strongly, pulling the MACD out of its divergence. It is also possible that any pull back could be small. And it is possible that the index could consolidate for awhile before making a run at a new high. For trading purposes, however, I tend not to wait for the MACD to cross the signal line since a strong reversal could already be underway by then. Also, there are some individual issues which are not showing a divergence. Possibly, there could be some stocks which continue to move up a bit while others consolidate. And, finally, there is a possibility that all this TA could be BS. <g>