Mbrane (NASDAQ: MBRN) - An enterprise solution? Message Board

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Technology Stocks : Mbrane (NASDAQ: MBRN) - An enterprise solution?

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To: Shinie who wrote (928)	3/14/2000 9:18:00 PM
From: Ryno	Read Replies (2) of 1238

Kathy The $14 price showed no support that I saw (I did look at the intraday chart), as today?s closing price was $13.5. The next possible support level I mentioned (at $12.5 5o $13) might prove week to non-existent, if technology stocks continue their downward trend. With technology stocks falling as the have for the past few days, I have little faith in the predictive value of support levels that are based on charts. I liken the market price decreases to a vacuum that sucks down the price of anything near it. The predictive value of the charts is diminished even more when you consider the scant time frame used for analysis. Therefor any validation of support levels over the next couple days / weeks would help build a more solid support pattern. I believe we are in for some turbulent times. With any market weakness, we will probably see the support at 12 ? 13 violated. Lots of shares will get shaken from week hands, but I also believe the trend over the next several months will be upward. I hope I was able to answer your question. As always, any comments are welcome. ryno

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