OK, here's an update on my wireless modem project. You'll recall I ordered whatever gear was selling on
GoAmerica. Twenty-four hours later, I received a
and some software to get it working. There was hardly any documentation to speak of, so I just loaded the CD-ROM and hoped for the best.
Talk about your miracles: I was up and running within five minutes! Yeah, pretty neat. Now the upside? I can actually log on from poolside and do stuff like check quotes and respond to email. All, of course, without being tethered to a phone line.
The downside? Speed is a bit on the tardy side, and I'd guess about 19K. So, I'm not downloading any big files, but that's certainly fast enough for 99% of my communications needs.
The other gotcha is that the Aircard is a bit fussy on sending and receiving a clear signal. For example, from my downstairs home office -- which I'm convinced is actually an old Norad missile silo since I can't even get cell phone reception! -- the Sierra is useless. However, I move upstairs to the kitchen, and the reception is clear as a bell.
Anyway, a kind reader at
tells me faster and better are on the way. I can't wait!
On that note, then, we're running a special next weekend on wireless stocks. (Yes, I'm always the last to know!) Send me your favorites and I'll chart 'em right up. The address:
Is Motorola Sky-High?
Gary: Motorola (MOT) has to work through the burnup of expensive dead satellites. It is still headed south after the hurt of last week. I own this stock at 70. Please look in your crystal ball and see if it looks like a sell or a hold. (Don't tell me "it's up in the air"). Pete Burgess
The TI Story
An Enchanted Isle?
Gary: Digital Island (ISLD) seems to have good management and good recommendations (JJC likes it) but it just keeps going down. Please, what's your opinion? Jim Saunders
Scientific-Atlanta a Monster
Since you last looked at Scientific-Atlanta (SFA) a couple of months ago, it sure has soared. I went long 4/98 at 19, and now I guess I am feeling a bit apprehensive about still being long, as we all know what happens to pigs. I was hoping you would revisit SFA, and give your take on this chart that looks much different after all the volatility as of late. ManyThanks! Lanny Peters
Room to Run?
Gary: National Semiconductor (NSM) looks like it has a pretty good support level at 60, and I picked up some there. Do you see the chart the same way? Also, does it look like it has room to run up? Jim Freyer
A Killer Gap Down
Numbers and Logs
Mr. Smith: First off, I'd like to thank you for a great column which makes for an extremely enjoyable reading each and every time. I have two questions which I believe are rather basic, but which I haven't seen you address in your columns. The first regards the numbers which appear at the top of your charts -- what exactly do they mean? The second issue is log-based charts. I noticed that the chart you recently did on InfoSpace (INSP) - Get Report was log-based, and the stock indeed looked broken. However, on a non-log-base, INSP does not look broken. (I must admit, I don't even understand what that "log" means ... ;-) Would you please elaborate on that, and indicate when it is to be used and when not? Yaniv Farkas
Two excellent questions. Let's take the log topic first. You're absolutely right that a log chart and a nonlog (or arithmetic) chart can look completely different. The reason has to do with the basis of each type of chart. The scale on the right side of a log chart, always makes the difference, or height between each number the same
. An arithmetic chart makes the difference, or height between each number the same
. Therefore, a stock going from 5 to 10 will look the same as a chart going from 500 to 1000 on a log chart, but completely different on an arithmetic chart.
Now, which is right? Neither, as both have their advantages and disadvantages. I like log charts since I can compare apples to apples, but as long as you're consistent in what you look at, it really doesn't make much difference over the long run.
Now, as for the numbers across the top, let's take a look at that
Is Interliant Worth Holding?
believing that the ASP market is developing, and the stock is consolidating. What does your technical analysis show. The stock has not really moved even with the
relationship and the $10 million investment in Interliant by
. Should I continue to hold?
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