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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT)

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To: Lee Nelson who wrote (642)8/17/1999 7:30:00 AM
From: Mike Petriv  Read Replies (1) of 1794
 
This may sound simplistic but here it goes: the price rise was based on bullish momentum and squeezable shorts. Volume is now dropping and the price will follow. I predict a close of 67 if CPI numbers are benign. If not benign, we close in low 60s with further price deterioration into the low 50s by Friday.
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