Applix is back in action Message Board

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Technology Stocks : Applix is back in action

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To: Eric who wrote (8)	2/27/1996 10:01:00 PM
From: Magnifique	of 3014

Never be afraid to get caught in a new high/ Dear Eric, I always buy into new highs on the increased volume. New highs means the stock broke through the resistance, all sellers are wiped out, shorts are covering in panic, and the stock does not have resistance until it will reach some number where sellers will again come in. In regards to APLX reaching 41 1/4 today: I cannot advise you to jump on the band wagon, as I don't give any buy/sell recommendations. All I can say is that the stock broke through the resistance. I have to see the subsequent action to tell you where the next resistance point lies. Extremely strong support 35-36. The stock has an excellent future, both fundamentally and technically. I don't place long term targets, as I believe that the long term consists of a lot of short terms. Good luck. --Magnifique

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