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  • GenJackripper GenJackripper Jul 17, 2001 1:19 PM Flag

    Tomorrow we'll rock!

    The General can not say with specificity what's driving SIVB down, but, in his opinion, the "technicals" are indicating the likelihood that SIVB will be establishing a new 52-week low shortly, taking out 4/04/01's $18.00.

    "Longs" should not be dismayed by this occurrence, should it eventuate. The General is not a "shortie", and, in fact, has recently been a "nibbler", initiating his partial position in SIVB, so he's now counted amongst the "longs."

    In the General's opinion (which, he notes is shared by others here) SIVB is a "pilot fish" riding on the back of the Nasdaq Composite's "shark."

    Perhaps SIVB's action is betokening the likelihood of the NASDAQ's violation of its 2000 level.

    The stock market frequently demands "patience" as well as fortitude.

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SIVB
143.38-3.32(-2.26%)Jul 2 4:00 PMEDT