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To: jackhach who wrote (8918)5/27/1999 5:23:00 PM
From: Scarecrow  Read Replies (4) | Respond to of 19700
 
Nearly every thread has a post policeman (or two) who prides him/herself on attacking others honest/sincere mistakes.

Of course that role would be wholly unnecessary if it weren't for the fact that nearly every thread has one (or two) lecturn-pounding televangelist types who prides him/herself on INSISTING they and they alone have superior knowledge about short-term stock price movements and that they and they alone know the true, divine “right” way that a stock price will follow.

These are the same guys/gals who rarely got ANY in college, still have their first communion money, have lousy/cold relations with their families, and just generally make other people's lives miserable.
An ad hominem unworthy of response. But are you familiar with the psychological principle of projection?

MORNING:
HI @ $205.00 with a very small,short-lived visit to $209.00.

So what's the high? 205? Or 209? You can't pick two numbers for a high.

LO @ $191.00 with a good possibility of a short-visit to $187.00.
Same thing. Regardless. The morning low was nowhere NEAR this.

AFTERNOON:
HI @ $219.00 with momentary thoughts of $226.00

What the hell are momentary thoughts? Regardless, we went nowhere NEAR this.

LO @ $205.00, although mainly above $209.00 and trading between $209.00 and $219.00.
At 10:30, you've picked a $14 RANGE for the LOW for the AFTERNOON and it wasn't even the HIGH for the DAY

CLOSE:
Near $220.00

Not even CLOSE to the closing figure. What's $30 among friends, right? Is that “near $220”??

Can I be any more specific!
Well, yeah, you can be. When you pick a $14 range for a day's low price, I'd hardly stand up and claim you're being specific.

Later today: I badly wanted to add to my positions this afternoon in the $200 to $205 range, but I couldnt see it happening. But you didn't find $195 attractive??

If the morning was till 4:00 P.M. -- I'da nailed it
So, let me get this straight: you choose closing price only 5.5 hours away, miss it by $30 and say you were CLOSE? You choose a day high that's $19 off and say you were CLOSE?

I wouldn't point out all of this if it weren't for your arrogant insistence that you are correct in these “analyses” (and I use that term loosely). That and your unprovoked personal attacks…

Better to be thought a fool than to post these asinine predictions and remove all doubt. The only stock price movement predictions that are dependable are aggregate long-term movements. Anything else is rubbish.



To: jackhach who wrote (8918)5/28/1999 1:40:00 AM
From: KW Wingman  Read Replies (1) | Respond to of 19700
 
<<<<If the morning was till 4:00 P.M. -- I'da nailed it, but shot my mouth off >>>>

Yes IF, and IF a frog had wings it wouldn't bump it's a$$ in the mud either (but dat frog don't has no wings - get it?).

Looks like Scarecrow is correct. You need a whole new crystal ball, the one you now are using is a fake.



To: jackhach who wrote (8918)5/28/1999 9:51:00 AM
From: jackhach  Read Replies (2) | Respond to of 19700
 
Not that anyone should listen, but:

We have double-confirmed a bottom of $92.50, almost triple-confirmed if you consider the 3/18/99 low of $91.53.

We might break down below that point today, but not for very long -- simply because we have no volume to sustain such a break. If so -- I'd be all over those price points.

My prediction for today is that the stock will trade between $91.50 and $102.50. I'll be buy under $95.00. The stock is probably going to simply linger around in the middle of this range ($94 to $98) for the bulk of the day. We would need about 18 to 20 million shares to SUSTAIN a break below $92.50 and the same to SUSTAIN a break above $102.50.

A Friday before the long weekend is not going to allow this to happen. It was the absence of volume in yesterday afternoon's session that destroyed any possibility of fulfilling a chance of breaking to the upside of over $209.00. The $205.00 became the wall with such unanticipated low volume pre-split.

IF the volume surprisingly appears -- the $102.50 might be challenged.

-JH