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Technology Stocks : USWeb (USWB)

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To: Joe Veres who wrote (798)	4/28/1999 7:25:00 PM
From: John Veltheer	Read Replies (2) of 1188

Joe the technicals on USWB look horrible. Nearly pulled the trigger today at $25 but wanted to see it trade avobe $25 1/2 first which it just couldn't do. Part of the problem is USWB is now making money. When EGRP made money the stock was $20 when they went on a spending spree the stock went up 1000%. To some degree it is reality time for USWB and the market prefers hyperbole right now. In a downturn USWB should be protected to fall no lower than $15 but technically who knows - the chart shows little support anywhere. Comments? JEV

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