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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)

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To: Mohan Marette who wrote (387)3/2/2000 4:56:00 AM
From: R. Bond  Read Replies (2) of 406
 
Mohan,

All the noises coming from the Company are good. BUT. In it's brief life, this stock has only been in an uptrend once, for 8 sessions. IMHO, we have yet to see any evidence that KOREA is trending up. It's a short-term trading stock, so far. And the volume isn't cutting it.

I applaud management's obvious attention to shareholders and exciting growth plans. But I don't see the market being interested in KOREA at present.

It's on my radar screen, better movement elsewhere at the moment. If this is a base around $59 and the market stays healthy, we won't really know if it's breaking out until it gets above $64. As we know, it could happen in an instant. IMHO buying the stock now is very close to gambling, but probably worth it with a tight stop.

Your thoughts? Anybody?

Cheers,
Bond
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