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Message: RE: what do the indicators say? stoichastics...are we at bottom?

RE: what do the indicators say? stoichastics...are we at bottom?

posted on Apr 04, 2006 06:33AM
Obviously, the chart doesn`t look good. We`ve been oversold for three days. Friday we got a weak rally from an oversold position but there simply was not enough buying to sustain it. The hand writing was on the wall by late morning( or in the indicators as it were).There was a lot of buying at the low this AM but it remains to be seen whether a move back can be sustained. We need news but some the problem is that unrealistic expectations have been created partly by Leckrone`s comments but mostly by stupid speculation on the boards. The Moore portfolio is hugely valuable but some members of the board insist on speculating on Intelasys ( there was never any basis for infering that PTSC was involved in any way) and the value of Insite/Inflame ( there is scant evidence of any significant commercial value). In the words of Pohl we have found the ``motherload`` but it takes time to mine it. All short term indicators are extremely oversold but the day chart says we could go down more. The only thing I can see positive is that the selling is subsiding. Will people now begin to reconsider the basic value and perceive this as a buying opportunity? Time will tell.
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