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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)

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To: Mr_Mojo_Risin who wrote (347)2/16/2000 4:54:00 PM
From: R. Bond  Read Replies (1) of 406
 
Mojo,

Six weeks ago, your talking beginning of Jan. Interestingly, last Thursday KOREA came very close to that same price.

What has changed? All I know is that the price has dropped. Oh yeah, Lehman Brothers said it was going to $130 a share and then sold it most of the way down to the 40's, along with others.

The daily chart is interesting right now. The stock is confirming support around 55 where, incidentally, both the 10-day and 25-day MA are meeting. The downtrend line and the short term uptrend line (from the bottom and Monday's bottom) are meeting right around today's opening and closing prices. It's interesting, that's all. I don't know if you watch charts.

You're in the business. What happened?

Cheers,
Bond
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