Postcard From Pittsburgh: Just the Charts

Gary looks at Goldman Sachs, Smart Modular Technologies, USinternetworking and VeriSign in an abbreviated column.
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Editor's note: Gary B. Smith, vacationing in Pittsburgh, sent back the charts below along with a note: "Short today. See yesterday's column for details. Gotta run..."

Gary will be back Monday with his regular column. Meanwhile, send your questions and comments, along with your full name, to

technicalforum@thestreet.com.

Good Company, Bad Stock

Gary, Could you take a look at the chart of USinternetworking (USIX) ? I've been following the company since reading about it in Jim Seymour's June 29 article on application service providers. Fortunately, I didn't buy at that time when it was about 30. Since then, I've read some other articles that sound encouraging about USIX's future. In today's market climate, however, the trend is definitely down. When will the coast be clear to consider it more seriously? -- Jeff Van Boxtel

Big Bounce, but Even Bigger Range

Gary, I always enjoy your column. Would you please take a look at VeriSign (VRSN) - Get Report and tell me what it looks like short term. I am long VeriSign and rode it through the roller-coaster ride since mid-March when a lot of the Internet stocks took a hit. I am hoping it will bounce off its 50-day moving average and take another run. -- Cindy Hollingshead

Good Time for SMOD Buy

Gary, I just went short on Smart Modular Technologies (SMOD) , and I would love to get your analysis of this stock. -- Omar Evans

Short Story

Gary, Could you have a look at Goldman Sachs (GS) - Get Report? I am getting a sinking feeling that this one has a lot of room to move (down). -- Jonathan Perkins

Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at

gbsmith@ibm.net.