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Technology Stocks : KEMET Corp.
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To: BWAC who wrote (360)7/30/2000 9:22:16 PM
From: techtonicbull  Read Replies (1) of 906
 
The stock must be "oversold" that is , the majority of sellers with holders and buyers of the stock. I would personally be surprised to see if the the stockk went below 23 on a technical basis. From this oversold position I believe that the stock is poised to move higher. Whether it trades much higher is questionable. I believe that it will trade in a tight range. Fridays employment number will make or break the next break-out of Kemet's stock price because being a cyclical stock the future economic condition is of utmost importance.
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