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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?


To: michael r potter who wrote (2934)5/25/1999 4:48:00 AM
From: robert miller  Read Replies (1) | Respond to of 4467
 
Michael,

OT You talk about an ugly chart, how about DELL? What happens if the 200 day moving average does not hold?

bob



To: michael r potter who wrote (2934)5/25/1999 8:25:00 AM
From: Allan Harris  Respond to of 4467
 
Michael,

I see a lot of major support on my charts between 55 and 62, depending on the technique employed. There are two Bullish Support Lines that come in at 62 and 55, respectively, on the Point and Figure charts.

In addition, my Advanced GET chart is labeling the April 19 low at 62 a Wave 4 Low. Three days later SFE was at 99, about a 50% rise from that low. We have now retraced about 62% of that initial move.

However, the entire pattern of the last month may be a contained Wave 4 correction in which the low 60s will have to be tested again. The move to 99 may have only been a B Wave and we are completely Wave C of 4 now. In either count, 99 and 120 are still on target to be taken out, eventually.

Finally, my analysis was done in four paragraphs, compared to your one paragraph. So I win.

A



To: michael r potter who wrote (2934)5/25/1999 11:39:00 AM
From: Sir Francis Drake  Respond to of 4467
 
OT - Michael. I've owned PFE for a long time. I've decided to add a bit to my position today at 105 1/8. Perhaps I'm a bit early, but seems to me like a buying opportunity, if you are in it for the long term. Obviously, this year could be hard for a high p/e drug stock like PFE (especially that Viagra has gone soft<g>), so you may get a chance to buy it under 100, but I figure in the *long* term - like 2-3 years, it won't matter if you buy at 105 or 95. Unless it does go below 90... what's your take? TIA

Morgan