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Next Level Communications (NXTV) Message Board

  • kopn2000 kopn2000 Oct 12, 2000 2:54 AM Flag

    The volume is not there to support

    this downtrend. I spoke to someone with damn good
    tech skills and he said:

    "Its a churning move,
    forming a recent low (today), and is not accompanied by
    increasing volume (23% of average), suggesting that the
    current move lacks broad participation. Unless the volume
    picks up, the move could be short lived and the stock
    will begin to rise again. In addition, the stock is
    extremely oversold according to the Stochastic indicator
    (18.00).

    This churning should last a few more days though. Look
    at the last time NXTV was in the 40-50 range. It
    lasted 7-9 days then we moved up!

    Hope this
    helps.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree with your analyst friend.

      What I'm
      detecting is that there are very few shares for sale, but
      virtually no buyers - everyone's waiting for the market to
      flatten out and start upward again, or for some news to
      kick in and create some buying pressure.

      If the
      market does turn, and goes the right direction for a
      week or so, I think NXTV will take off back to the
      70s.

      • 1 Reply to cant_retire_now_dammit
      • I'm a very optimistic person but when it come's
        to stocks you can't get to optimistic. As much as
        I'd like to see this stock and several others in my
        portfolio move higher I'll just be happy to see that the
        end is near for this BEAR session that we are
        experiencing. I think it's important that everyone realize it's
        all in attitude. Think Positive and your portfolio
        will reflect your attitude. Also regarding the number
        of shares available, I agree with the person
        mentioning that there were few shares to be traded. When I
        first purchased this stock (which I still have my
        original shares) I had trouble getting them becasue they
        just were not available, this was a good sign. Been
        adding to my positions every since.