Paychex (PAYX) Message Board

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Technology Stocks : Paychex (PAYX)

PAYX 97.94

-0.6%

2:46 PM EST

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To: Loren who wrote (71)	1/1/1998 7:23:00 AM
From: Doo	Read Replies (1) of 210

Loren: Agreed, make it show some weakness, but on volume or in violation of some technical indicators you prefer to use. Yesterday was a nice potential beginning to the type of correction I like to see. Declining volume from the prior day. We can't and won't go up everyday, some will "value" this stock and conclude "it can't go any higher", some who have just jumped in for the run will dump it to take the short term profit. Once they are all gone, and if the volume continues to decline, the real buyers who set this breakout in motion will return and drive it back toward it's all time highs or higher. Jeff

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