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Technology Stocks : Osicom(FIBR)
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To: David Pawlak who wrote (882)5/2/1997 6:22:00 PM
From: Mama Bear   of 10479
 
>>> I disagree with you that it is not time to buy. I've been waiting for Osicom to break
through 8 1/4 before buying, which it did today. 8 1/4, in my mind, was a key
resistance level that it has retreated from several times over the last couple weeks.<<<

Isn't it interesting that 2 people can read the same chart, identify the same
resistance point (8 1/4) and reach diametrically opposed conclusions
as to the direction of the price? I sold my stake today at 8 1/4, and put in a GTC
buy order at 7 1/2. I did not find FIBR breaking 8 1/4 by 1/16 on 75%
of 30 day average volume on a day when the market and the sector were up big
to be compelling. I hardly think that FIBR has broken this resistance, and will fall to
~7 1/4 in the near future.

FWIW

Barb

B
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