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.

   Technology StocksSeeking investment advice on CHPS or DAWK


Previous 10 
To: Rosemary who wrote (48)12/14/1996 11:55:00 AM
From: Gregory Cole Brock
   of 55
 
Rosemary,

I can't get a chart on CSGI. Does BB mean that it trades on pink
sheets and is not a normally listed stock? I have not been able to chart
those stocks.

Bu the way, have you looked at JBIL lately? I think we will get a similar
run from FLEXF. SCIS is also becoming attractive again. We need the
markets to stabilize a little bit before I go too far.

Share RecommendKeepReplyMark as Last Read


To: Rosemary who wrote (48)12/14/1996 12:13:00 PM
From: Gregory Cole Brock
   of 55
 
Rosemary,

The CHPS chart is looking very ominous. I do not like it at all and
I would advise you not to get too exposed with this one. The pattern
is called head and shoulders and if the stock price closes at 18.5
or below the pattern will be confirmed. This pattern is one of the best
predictors of future prices. If the pattern confirms you can expect
a quick drop to the 14 -15 level.
CHPS may be a good buy again at that level. But be careful short term.
This one is an easy one to get caught on. I have learned some painful
lessons with this pattern before.

Share RecommendKeepReplyMark as Last Read


To: Gregory Cole Brock who wrote (49)12/14/1996 12:27:00 PM
From: Rosemary
   of 55
 
Greg,

Yahoo business will give you a quote, and e-trade. I can't find a chart either. Volume was 44k shares yesterday. Yes, I think that would be considered pink sheets, or bulletin board stocks. There is a place on the web for this small co info. pcquote.com The name is Micro Watch.

I'm expecting Monday to be a good day for the techs, this is just profit taking. Some stocks have become very attractive because of this and I think we'll see some buying.

But, there is too much reporting of bearish undertones. Retail sales aren't as good, Ford is crying, (good time to buy a car is coming), computer sales are off. On that one the jury is still out. Who is Intel selling to? I hope the Micro Watch helps.

Rosemary

Share RecommendKeepReplyMark as Last Read


To: Gregory Cole Brock who wrote (50)12/14/1996 12:33:00 PM
From: Rosemary
   of 55
 
Greg,

I'll just wait and see before buying more. I need to be in before the next quarter reporting. I expect a good one, because of the Intel connection. It would make me happy to see a drift downward, but everyone else wouldn't, I'm sure, unless they are waiting like me.

Share RecommendKeepReplyMark as Last Read


To: Gregory Cole Brock who wrote (50)12/14/1996 12:57:00 PM
From: Caroline
   of 55
 
Dear Gregory,

I read your head and shoulders post and appreciate the insight.

Please help me out, here. I pulled up a 90-day historical on Lombard.
Looks like the shoulders are about 10/12 to 11/9 and 11/23 to present.
The head is approximately 11/9 to 11/23.

Is this the pattern? To be totally graphical (though very inaccurate):
--
-- ---
-- ---
------ -----

Have I got this pattern correctly?

Does the previous run-up (prior to the left shoulder as we view it)
indicate anything, for better or worse?

Thanks very much,

Caroline

Share RecommendKeepReplyMark as Last Read


To: Gregory Cole Brock who wrote (49)12/14/1996 1:26:00 PM
From: Rosemary
   of 55
 
Greg,

I almost forgot this one. Someone posted me about QUIG. If they are doing the kind of business they say they are doing, then $15 a share would be very low. They say they can't keep their product on the shelves. Called cold-eeze. I would love to be able to see charts on these small caps.

Micro watch doesn't give charts.

Share RecommendKeepReplyMark as Last Read


To: Caroline who wrote (53)12/15/1996 6:56:00 PM
From: Gregory Cole Brock
   of 55
 
Caroline,

Yes, you do have the pattern correctly. The neckline which is slightly
rising needs to be closed below by 3% to confirm the pattern.
Somewhere around 18.5 should confirm the pattern. If we get a rising
tech market then it may never happen. This ultimately could have
been a good buying point. However, I have been burned on this
pattern before and I do not care to learn this lesson again. Another
indication for this pattern is volume. Typically the left shoulder has
the highest volume and it goes down from there. This bores out for
CHPS as well. If you need to see an example look back at SCIS
in the April to July time frame. The similarities are hard to ignore.

The rise of the CHPS left shoulder also carries with it a large gap
rising from 15. I do not believe in the gap theory but alot of other
people do and if enough people believe then it can happen.
Supposedly 90% of all gaps are closed eventually. The problem is
you never know when.

Good luck.

Share RecommendKeepReplyMark as Last Read
Previous 10