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Technology Stocks : Comverse Technology
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To: Brett Trueman who wrote (44)7/10/1996 7:07:00 PM
From: Al Van Putten   of 1331
 
I think this run up/back down is typical of CMVT's chart for some time. It just hasn't been doing it much for the past half year. It is what has made CMVT a good stock for short term play with some comfort that it's never going to bite you in the backside over the long term if you do make a short term error.

I think it has just established a new trading level; 25/26 floor to 30 ceiling. I think the only thing in the next couple of months that will help it constantly break 30 will be really strong earnings or some really favorable news. Short of that, I think it's found its' range.

Al
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