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Seagate Technology Public Limited Company Message Board

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  • disk_investor2 disk_investor2 Jan 22, 2009 12:30 PM Flag

    Technicals

    Walt, while I realize this is total a waste: Let me try to educate you:

    "Yet, HILARIOUSLY, about an hour ago you said the band was at $3.50."

    Bollinger bands are moving averages, in this case I have been quoting a 20 day moving average bollinger band.

    Do you know what a moving average is Walt?

    Well moving averages change every day. Yesterday, the lower band was at $3.50, with today's sell off it fell to $3.35. It will be different tomorrow.

    What I am suggesting over the next 3 months is to write covered calls, 5 to 10 weeks out, the next time STX' share price gets close to the top band.

    Do you get that Walt? Or like for your new friend, do I have to dumb it down even further?

 
STX
50.68+0.64(+1.28%)Aug 28 4:00 PMEDT