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Technology Stocks : Equinox Systems (EQNX)

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To: Christopher Brainard who wrote (734)10/13/1999 2:03:00 PM
From: Scott H. Davis  Read Replies (1) of 765
 
Since EQNX was at it (14) and it was progressively moving closer, I figured that with a good report, it would clear well & 14 would become support. Problem is I forgot to think like a rational analyst - did not consider what was happening in the broad market. EQNX has to swip upstream against a deteriorating market. The A/D line has been pretty bad all fall, and with the S&P making a series of progressively lower highs + Y2K, I'm pretty bearish overall.
Could be a mistake, especially since it was using margin. Scott
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