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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)
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To: Mr_Mojo_Risin who wrote (349)2/17/2000 6:15:00 AM
From: R. Bond   of 406
 
Mojo,

Yes, I believe there is overhead aplenty on the way up. I do watch Intraday charts, but haven't been taking those trades you mentioned. I don't like being THAT nervous. I have never had an objective of $130 for KOREA......$100 only in my dreams. This sector has changed character since the others did those sorts of moves, things have split apart. If it changes again, O.K. I do think $80 is easily within reach, if the volatility keeps up.

I won't call the next move. It would be nice for longs if this turned out to be a classic case of bouncing off the 200-day MA (I STILL don't know why I have one on my chart!), pulling back, and continuing strongly up. A scenario immortalized by Mr. Stan Weinstein. Of course, the Market must cooperate as well.

And I can easily envisage an entirely different scenario. One thing is (almost) for sure, this stock won't sit still for too long.

Cheers,
Bond
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