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Technology Stocks : NETsilicon NSIL (ipo)

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To: Lance who wrote (28)10/2/1999 11:56:00 AM
From: Bob B.  Read Replies (2) of 161
 
NSIL: Agree

The stock has been trading for thirteen days now. It leaves the QP on Oct 10. I have been looking for pullbacks to enter the stock last week but have not found any. As you can see from the chart, even on pullbacks this past week, the stock price has not fallen below $12. The stock has now moved above the -50 line on the Williams%R once again on Friday which is a good sign. I took three positions in the stock yesterday at 12 13/16, and two at 13. I feel comfortable at these levels. The only thing that I disagree with you on is that I expect that the stock will make a run earlier in the week then later. Especially since there will not be any new IPO debuts on Monday. As you have pointed out is it primed for a run and has much room to grow.

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