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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)
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To: Frederick Langford who wrote (276)1/27/2000 10:07:00 AM
From: R. Bond  Read Replies (1) of 406
 
Mr. Langford,

This stock is about to hit the 200-day MA, a line on every screen of every trader, I should think. Breaking below MAY set off a new wave of selling. If so, MMs will either buy or let it fall some more. There are those who won't touch a stock trading below it 200-day MA. I should think many institutions won't.

There is strong downward momentum here. I won't touch it.

But what do I know?

Good luck,
Bond
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