Allow me to explain. Everyone who says anything negative about beloved Avid is the same person using multiple aliases. That's right.....they are all me. It's obvious. Avid is a great company and there could never be more than one nut dumb enough to short.
nah nah nah nah nah......I'm better than you are..........
Mary_Gabe is the girl to trust.
Gabe, if you sold then why did you post this on the HDWR board.
i have no sold my entire AVID position
by: gabewhatley (30/M/Atlanta, Ga.) 02/11/03 10:03 am
Msg: 34421 of 34821
just for the record..
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I'm no expert on t/a, but I'm learning all the time. Where do you see support for AVID?
I'm more of a fundamentals person. I don't see how this stock can maintain such a high p/e in this poor market. I feel the market will catch up to this one.
Where I see support depends on your time frame. I am short term trend trading this one and I see AVID getting some near term support (2 months or less) around the $18.50 price level. If that support is broken on higher than normal volume, then the next level of support is around $16.
If you look on a weekly chart of AVID on about a 3+ year basis, you will see that this is the time of year where AVID typically takes a tumble. I am playing on that historical phenomena to repeat itself this time around too. Along with the negative indications I am seeing in my TC2000 technicals, combined with the present high P/E, I too feel that it is a little pricey and due for a catch up.
I mix my FA with TA but depend on the TA for entry and exit points.