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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST

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To: Zeev Hed who wrote (2011)1/2/2000 1:18:00 PM
From: Carl R.   of 2383
 
Zeev, of course you are right that the Doji is not good, especially as it relates to the next several days, and it signals a retest of 7. On the other hand, early next week should be good for small caps, and the doji may be quickly negated, especially since it was largely a creation of some daytraders who raided the stock.

On the other hand, I stand by my statement that fundamentals will win out in the end. They did during the last half of 1999 when the fundamentals, unfortunately, were not good. I look for PROG to have solid performance in the early part of 2000 however. Hopefully the stock will perform much like PCCC has for the last 5 months since I pointed it out to this thread. PCCC had a nice, steady rally without any significant volume and very few retracements. Hopefully PROG can do the same.

Carl
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