Veritas (VRTS) Message Board

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Technology Stocks : Veritas (VRTS)

VRTS 140.27

-7.0%

3:59 PM EST

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To: Adelantado who wrote (53)	4/13/1997 4:59:00 PM
From: The ChrisMeister	of 742

>> If the trend continues, the TA guys will use their Bollinger lines and the fundamenalists will pull out their calculators and find that that VRTS is too much a bargain to overlook. << No, us TA guys will use both our Bollinger lines and our calculators... This thing just refuses to make a bottom, though the close Friday near the high (24 3/4 vs 25), after plunging below 23, on increased volume with a very weak general market gives one some encouragement. I think when we do bounce we're good for at least a 33% pop. From 22-23 that's about 30. This thing looked cheap when I covered short and went long back at 32, so I'm waiting to see a good bottom before averaging down -- or selling and trying to buyback lower. Wishing I'd stayed short... The ChrisMeister

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