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Technology Stocks : Gemstar Intl (GMST)
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To: Boplicity who wrote (2727)4/14/2000 1:08:00 AM
From: Boplicity  Read Replies (1) of 6516
 
No relief rally, only bear action, up in the AM with selling intensifying into to the close. New projected low high 20s that would bring it about back to Aug. last year, worse case 15 or so. If you hit 15 it will be flat line time unless something happens to change the current picture.

GMST is a perfect example of what happens to a stock or market for that matter, once it breaks the lower support of a last correction before the top is made. Meaning all those people who didn't get out in the Jan/feb correction and bought after are bailing.

Greg
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