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.
Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (14236)5/24/1999 7:18:00 AM
From: Bill Rinker  Read Replies (2) | Respond to of 62347
 
Opinion welcomed.

Thats the great thing about having a thread like this with input from folks like you, Chief, Buckey, etc.
My TA abilities are far from being worth a damn, and your thoughts allow me to disect mine, and hopefully learn something. I've ordered some TA books, but thanks to Canada Post I may never get them.(some things never change)

About TA on CN.B
You see it filling the gap to 11.00.
But then heading south, based on what?
Do you see a descending triangle? or it hitting a resistence point?
What indicators lead you to your analysis?
Should one ignore the Greenspan effect on the chart?(was that on the 17th, 18th)
Just trying to learn hear. Your thoughts would be greatly appreciated.

Regards
BR



To: keith massey who wrote (14236)5/24/1999 3:54:00 PM
From: 1st.mate  Respond to of 62347
 
Great discussion keith, I was hoping that we could use your thread for a dayly discusion on this matter, (TA)...Or we may well use this one...There are many good TA people here with different views and it would be verry interesting to take one stock each evening, or so and discuss, purely for trading info...Learning from each other...Opinions from all welcome!!!! Matey..

PS...
The stock we were discussing, It is my opinion that if the right shoulder of the typical H & S pattern is formed before the gap down, the H & S is valid...So, I stick to my opinion of bottom and reversal @ $1.95...<ggg>...Got to stick your neck out some times...In love with TA!!!If the right shoulder does not form completely, you are 100% correct in all cases I have looked at!!!! Matey



To: keith massey who wrote (14236)5/24/1999 9:14:00 PM
From: the Chief  Respond to of 62347
 
Sprint/Clearnet is one of those "left out in the cold" telecommunications companies. They are outsiders as far as "full service is concerned" at the moment. It is expected that they will partner "for survival" but until they do, they will flop back in forth in a channel that is bounded by 9.40 - 10.20, with a probable euphoric sprint to 11.50 that is based on company fundamentals...There are believers that CN.B/NET.A will put together a deal with a third party in expectations of that, I think it could break the $11.00 level, but again that is fundamentals. Opinion only ( I think they will put something together to motivate both their stock prices)

The TA I still bow to your prowess, although I must admit I would not be anxious to short this one at the levels you describe. TA clearly indicates a preference to lower lows and the possibility of revisiting the $9's again, but the fundamentals at the moment, barring a NASDAQ crunch, a continued rise to $11.40 with probably little support, and a quick fallback....who wins...noone knows!!!

Place yur bets...ya takes yer changes!

the Chief