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ModusLink Global Solutions, Inc. Message Board

  • riyaz1907 riyaz1907 Jun 7, 2005 11:50 PM Flag


    didn't beleive when uptrend line solidly above the center macd line the stock can drop so much. never seen this. thought last night drop would not be sustained. must ask gary b. how this can happen . might just altogether forget about charts because of this 14% drop from cmgi . it just doesn't make sense at all !

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    • It made perfect sense and was forecast here. The evening star candlestick was a clear warning. This took place in an overbought condtion. That was extremely bearish. On top of that, the stock was well ahead of itself in terms of a fundamental valuation compared to its peers (that's still the case, but obviously not as much!). Regarding MACD, be careful what the parameter setting are...there's a delay if you use the canned settings. If you use them, then look at the slopes of the MACD lines...go back to the 2-yr chart, look at MACD slopes, i.e., when it began to turn, compared to where the big tops were.

      • 2 Replies to sobithongie_2004
      • I guess your prediction of a 40% rise in cmgi was dead wrong. I am wondering if your other data is flawed also...

      • Dec 31 2002 cmgi $1.02

        dec 31 2003 cmgi $1.79

        dec 31 2004 cmgi $2.55

        do the math the percentage increases beat all the index returns

        cmgi is now a better company than it was in o2 o3 or o4 so if u r patient u will do well
        ignore all the noise and all the bashers

        hedge fund managers would sell mothers to have this type annual return in the last three years

        if u were lucky or wise to pick up cmgi at 29 cents u are a hapy person

        i will hold on to my large position and advise patience

        one day news will come out that will be real news and it will pop

        lawlwer and all folks busting their chops are not doing it for just a salary

        look at the trend
        look at the fundamentals improving
        and look at the potential "surprise" that is embedded in at ventures and if and when it comes it will pop be4 u can catch your breath

        the people running cmgi v.2.0 have a plan

        so take a chill pill and return in 2 yrs and u will have outpaced all index funds and 95 % ofthe hedge funds out there



        thanks sobi for all the good info.....

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