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<DIV><FONT face=Arial size=2>Linda,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>It looks like a long support line back to the 9/24
low. Unless it decisively cracks this line by 1 point</FONT></DIV>
<DIV><FONT face=Arial size=2>or more, I'd say the stock is hugging
support. Just my opinion.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Don</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Linda Swope
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>Real Traders</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, February 10, 2000 8:10
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> daytrading question /downtrend
-vs- deep bids</DIV>
<DIV><BR></DIV>
<DIV>One of the stocks I like to trade is excite@xxxx (ATHM). It
usually moves about 2-3 points a day. But I'm seeing something different
right now and I wanted some help interpreting it.</DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>It has pulled into a tight range and volume is drying
up. So I'm looking for a bottom. But I am a trend trader looking
for a point. And the trend still says "going down!" So when I get
all my ducks in a row (MACD's and MA's all pointed down), I enter a short
trade. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>What is unusual is the massive amount of support on the
bid side. Despite the price dribbling down, there were tons of
buyers.</FONT> Yesterday I took the trade and the price broke down and I
made a half.</DIV>
<DIV> </DIV>
<DIV>I tried the same thing today, but the price never really broke down and I
got out at my entry price.</DIV>
<DIV> </DIV>
<DIV>The unusual part is that despite a steady downtrend, the bidders
were lined up 30,000 shares deep every quarter. There were still enough
sellers to make the price keep slowly moving down, but why all the
buyers? Do they smell a bottom or is it that money managers are trying
to move so much cash into techs? I heard today there were record mutual
fund cash inflows this month. Is anybody else seeing this kind of
unusual buying in a downtrend? Am I missing something obvious?</DIV>
<DIV> </DIV>
<DIV>Thanks for any insight!<BR>Linda<BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com";>http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</DIV>
<DIV> </DIV>
<DIV> </DIV> </BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Feb 11 18:33:43 2000
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Date: Fri, 11 Feb 2000 12:18:59 -0600
From: Don Thompson <detomps@xxxxxxxxxxxxx>
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Subject: [RT] OnLine Broker BestDirect?
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Status:
I got a referal from one of RT's members about Best Direct.
Has anyone else had experience with their online order package and
the phone service if the internet connection goes awry?
http://www.pfgbest.com/
Regards,
Don Thompson
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