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Technology Stocks : Avid Technology
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To: David Kuspa who wrote (165)4/17/1997 3:24:00 AM
From: space cadet   of 777
 
Wow, this thread seems to have died. And just when AVID has done its Lazarus schtick while the Nasdaq collapses. Anyway, David, I don't know how you are on short term movements, but you seem to understand AVID better than anyone else around here so I'll ask you. Given that AVID's recent surge seems disproportionately large and given that it was based on the Intel deal and no immediate turnaround in the numbers (is this correct?) I think that AVID looks like a possible short or put candidate here at 15. How much higher do you think it could possibly run and where do you see it falling to (and when)? I think 15 looks like resistance and I see it falling to the 11-12 range, assuming there are no surprises announced soon. Thanks.
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