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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: Bill Hermesmann who wrote (1765)9/17/1999 5:38:00 PM
From: Philip W. Dunton, Jr  Read Replies (1) of 3661
 
Bill H. You asked: "At what point would you throw in the towel?"

It's all moot now because we broke out to the upside. However, if you check the chart you will see that during this entire consolidation phase, which lasted about 2 months, MTSN stayed just above its 50 day moving average (MA), which is very bullish. When I checked this morning, that MA was at 11.875. I would not have wanted to see it head south of 12 for that reason. However, even if it had broken below, I probably wouldn't have sold because I believe that the industry fundamentals and MTSN's fundamentals are just too strong to warrant a sale for a TA reason at this time. Hence, any breakdown would probably have been very temporary. This breakout to the upside confirms this bullish assessment. Phil
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