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joeready
Posted : Saturday, February 5, 2005 1:20:46 PM
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Joined: 12/12/2004
Posts: 8
 Hello. I'm a new user of TC2000, still learning terms and technical references while trying to gain quick insights from reading the Wordens' daily comments and studying selected charts. Since I hold some shares of EMC, Mr. Worden's comment on that stock yesterday caught my attention. He said "That's a whipsaw. Out!!!" Does that mean I should sell EMC immediately? I had hoped to hold EMC until it hits at least $15, which doesn't look likely right now. So....if someone can help me out with this one - does "Out!!!" mean "Get out now!" If so, I'll sell. I would appreciate a bit of advice on this one. Thanks.
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arizherb
Posted : Saturday, February 5, 2005 5:25:01 PM
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Joined: 1/16/2005
Posts: 2
 Daily TSV divergence exists. TSV failed to confirm recent strength in stock price. For the short term trader, I would follow Worden's advise and move out now. Herb schwager
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mdbilder
Posted : Saturday, February 5, 2005 9:16:50 PM
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Joined: 12/31/2004
Posts: 2
 Don Worden's note on 2/3 stated that he believed that the stock was going down to 11.50. This was a indication that you should consider selling the stock short. On 2/4 the stock reversed and went up strongly, so anyone who went short in the stock would have closed their short position and be "out".
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raymond2168
Posted : Saturday, February 5, 2005 11:06:04 PM
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Joined: 12/31/2004
Posts: 382
 joe did you short the stock?? If you didnot short this stock kept it..
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joeready
Posted : Monday, February 7, 2005 11:46:36 AM
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Joined: 12/12/2004
Posts: 8
 Thanks for your replies. Somehow I had missed the 02/03/05 comment from 2/3 revising the price target down to 11.50. It's up a hair to 13.25 just now, so I'm about to sell here. In reply to raymond2168, no I did not short the stock. The Worden Studio is superb. Enjoying the insights each of you bring to the discussions...
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joeready
Posted : Monday, February 7, 2005 12:01:02 PM
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Joined: 12/12/2004
Posts: 8
 Just noticed a webcast about to start with EMC's EVP Dave Dewalt, in case anyone else is following EMC news as well...fyi
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joeready
Posted : Monday, February 7, 2005 12:05:41 PM
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Joined: 12/12/2004
Posts: 8
 Location for that EMC webcast is www.emc.com/ir/
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