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   Technology StocksSeeking investment advice on CHPS or DAWK


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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

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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.

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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

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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.

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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.

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