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Technology Stocks : MDSIF (formerly MDSI) Mobile Data

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To: Pasha Quadri who wrote (84)7/2/1997 9:55:00 PM
From: bruce gordon   of 226
 
There wasn't much new in story. The basis of report was from Jason Zandberg of Pacific International in Vanc. seems to be the only Cdn analyst that has written or follows the company to any extent. Gist is having tripled in px. in 15 months few Cdn's are paying attention.It reviewed co. history, acquisitions.Indicated problem(if one) is not the oppportunities but hiring people to take on the contracts. Mentioned Comp Assoc; IBM re-marketing agreements as valuable assists in high profile markets.Dysthe hinted at a major soon to be released
contract with IBM on a major South American Telco.
The technical analyst indicated a bull market correction is imminent in stock."The Market Average Convergence Divergence (two moving averages revolving above and below a zero line) has risen to record highs and looks due for a correction. The recent pickup in volume confirms the bulls are running into more resistance. While a bullish push to the broken line paralleling the bottom channel is possible,
the more likely scenario is a bearish push that drops the price to the bottom trend line.Thereafter, watch for the bulls to regroup and advance again.

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