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Technology Stocks : Data Dimensions
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To: Staff who wrote (646)4/16/1997 8:43:00 PM
From: TA Trader   of 4571
 
Staff, you continue to read what isn't there. Once again, I see the 19 1/2-20 support as real and believe it will hold but it doesn't have to be the absolute bottom here. Yes, eventually I see this stock going to new highs as the Y2K frenzy kicks in. It will include the "good ol US Gov't" in panic like the Resolution Trust panic. In short, the Gov't agencies will soon realize that there is no way and no $ to solve the problem. The good Congress will enact special legislation appropriating funds to provide the conversion. At the same time, many corporations will announce the problems they are having and their inability to both afford and meet the deadline. Don't forget about the rest of the world also! Both spell a major squeeze on the shorts and a major investment by "John Q Public" who will become fully invested at the top. Not now but in time. On your last comment, please read my posts. My last position noted here has been a synthetic short. I have now covered and am neither long or short. Where do you read that I am long? I am waiting this backing and filling process before re-entering at what I now plan to be on the long side and hopefully before the 28th. In will take some more lateral/downside action to accomplish this, but it appears possible. There is no volume on either side right now so it is hard to read. It would be bullish for the shorts here if DDIM continues to rise on low volume and I don't expect that to happen. I hope you have my position straight by now. Don't worry, I'll keep you posted on my moves and maybe someday, I will make a mistake and you can legitamately jump all over me in your traditional "I told you so manner".
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