Hutchinson Technology Inc. Message Board
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Just don't like Overbought Pattern
Showing charts for 10 day, 6 mo and YTD. Looks like there is potential to purchase more shares in the $3.00 range going forward, just not sure, but maybe.
https://research.ameritrade.com/wwws/stocks/charts/charts.asp?display=popup&symbol=HTCH
https://research.ameritrade.com/wwws/stocks/charts/charts.asp?display=popup&symbol=HTCH
https://research.ameritrade.com/wwws/stocks/charts/charts.asp?display=popup&symbol=HTCH-
I can see it now ....
President Fortun: Shipments and revenues rose handsomely, as indicated in the preliminary report--and fiscal Q4 will hold more of the same!!
Shareholder: You mean you were telling the truth??!?
President Fortun: Yes.
<share price shoots to $4+> -
WDC reports Thursday, HTCH Tuesday
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Sorry, Norm, but this overbought stuff is pretty much nonsense.
The fundamentals are going to dominate what the stock does the next few weeks and months. And they have just have changed DRAMATICALLY. Beyond dramatically, actually.- 1 Reply to longtimefollower
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I shall just sit there like a dummy bidding for 20564 more shares at $3.20.
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It's normal for a stock in a strong uptrend to stay overbought for weeks/months. Now if you don't think hutch is in an uptrend listen to your overbought indicators and lighten up on your position.
Green- 1 Reply to pfsgreen
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Waiting to hear from WDC Thursday, good indicator. STX also reports.
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I have bought some more already using my patent-pending "Huh?" limit-setting strategy.
- 1 Reply to pjv2xyw9dww4b5
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PJ, was it that 100 shares at 3.23?
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