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Technology Stocks : Keane The leading y2k service provider

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To: Arthur Marigold who wrote (1230)6/17/1999 4:57:00 AM
From: Lee Lichterman III  Read Replies (3) of 1316
 
No problem. I actually went long some stock this morning but missed the initial gap up on KEA so passed for now. It was on my list but it shot to 27 pretty quick and I figured I would wait and see what happens to the market next week after option and futures triple witching is over. I had a possible long signal yesterday and should have snatched it but I won't chase it now. I expect this rally to only last a few days but I could change my mind if some key resistance points fall. GE and the QQQ already broke out fairly well but a few other key stocks and indicators are lagging and stalled so I want to see what they do first. Of course I am a short term trader right now so my outlook is different than those that want to hold for years etc.

I personally think KEA could have a rocky quarter or two as they transition to e-commerce but from what I am hearing, the new area of emphasis will be bigger than Y2K ever was and will last obviously a lot longer. I think long term, there won't be a better stock to own. MY only question is will there be better entry points down the road. If KEA can get over the 200 DMA and hold it, they will rocket like the days of old. Until then, it is a trading stock for me.

Good Luck,

Lee
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