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Technology Stocks : Worst stocks for '96

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To: greg dietz who wrote (304)2/7/1996 11:04:00 PM
From: Magnifique   of 312
 
In response to your question about APLX:

Dear Greg,

I am glad you made money on Netscape. By the way, it violated today
two pivotal points, as well as the 50 day average moving line, which
doesn't bode well for its future, short term.

In regards to the technical analysis of your broker on APLX:
I don't know how he structures his chart, and I don't want to put you
through lessons in technical analysis. That requires reading of the books
But, APLX made a 21 point move within 7-10 days. It is very over
extended at the present. The resistance is at 40 1/2, support is
at 31-32. Draw your own conclusions. Best wishes.

--Magnifique
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