AT&T Message Board - Msg: 13554323

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Technology Stocks : AT&T

T 25.21

-1.6%

2:46 PM EST

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To: Suma who wrote (3403)	5/3/2000 2:18:00 PM
From: Howard Bennett	Read Replies (1) of 4298

I'm a big proponent of waiting until it shows a bottom. Since it is hard to pick a bottom or support for a bottom when a stock like T is below it's 200 day MA. I like Japanese candle sticks myself. What we want is a day where T goes way down and then ends the day above where it opened -- and on impressively high volume. That's when you should nibble...Another thing to watch is institutional money flow (blocks of more than 10,000 shares)...when the money flow tech indicator turns up. (see www.bigcharts.com) However, that being said...1) ease into your position a third at a time. 2) T's CEO's guidance for the rest of the year was to lower revenue projections...so don't be in a hurry....watch and wait. Oh...and as I've indicated in a previous post if $40-ish does not hold (and I think it will -- but I'm an eternal optimist) then I think? $35 should be major support...(this assumes a .5 basis poit Fed rate hike)

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