USRX Message Board - Msg: 128928

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Technology Stocks : USRX

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To: Rafael F. Bustos who wrote (312)	6/13/1996 11:09:00 PM
From: Samir Shubaily	of 18024

A down move on low volume is a bullish sign. If anything, the move today demonstrates strong support around $90. This is the time to double down. The stock is taking a breather before the next leg up. Barring any unforseen news, (and we shouldn't expect any after the company reported being comfortable with analysts' estimates), the up-move should start in the next 2 weeks. This will be in conformance with the stock's movement the past six months. A correction to $90 such as we've seen this past week is also perfectly in conformance with all the past movements. I'll worry when either of these two events occurs: 1- A correction to below $85 (a definite break in the support) OR 2- No up-move in the next 2 weeks Either of the above will indicate a change in the technical analysis and probably a change in the stock's fortune. This may be due to a number of reasons, but chief amongst them would be new technology. Then it would be time to bail out.

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