Come Monday a.m with the Bush-Gore-Judiciary debacle.
MSY-LOG-BHM-BLM-MONI-ARM ect may all be going the other way,a good day for shorting.Candlestick pattern says reversal ,trading above 26day MA and just under 50day MA, yep a few early indications of a reversal . Don't the last few months show most of the quality techs techs trading in an up 10-30%, down 10-30% cycle,the slightest bit of good news and they are flying, a hint of bad news shoots them down. Make a mint if you could read the signs right 60% of the time.
[This message has been edited by waldorf (edited 09-12-2000).]
I agree this looks a good shorting possibility-some of the Stochastic indicators have turned negative and it completed a Fibonacci retracement of the fall from just over 800.Whether we get the chance at a decent price on Monday is another matter!
It fell to an intra day low of 460 before i bought at 480 . I'd made my mind up to buy at anything less than 500.With hindsight i sold too soon (584) but that evening i felt very smug when a friend told me i was very lucky as he expected the price to go lower on information he had received but would not elaborate on.
If it does reverse i will be a little more cautious before getting back in.
No problems John, my philosophy exactly. Apart from a mild curse i am completely emotionless when this, or taking a loss occurs. Probably more important than anything else if riches are the goal.
Robertson Stephens initiated coverage Misys at 685p, with a long-term "attractive" recommendation. However also said: "While we remain favourable on the long term industry outlook and management track record, Misys shares are trading at a premium to our 500-560p fair value range… and we remain cautious in the run-up to the half year results,"