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Technology Stocks : Frontier - FRO
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To: Umnik who wrote ()3/30/1997 12:00:00 PM
From: kvogel   of 245
 
FRO is undervalued long term but has some problems in short term. It had been building a tremendous base between 20 and 22. This will become resistance now. With the near term news negative many people will be happy to cut their losses at 20 so I expect another basing out period to start. This will be a great buying opportunity for patient people ( hopefully not in the medical sense) but will take a while to determine the new base range. Volume was light on THURS when the stock tanked so we'll have to wait and see. Hopefully, they won't cut the dividend!
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