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Technology Stocks : ANTEC Corp. (ANTC)
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To: Return to Sender who wrote (602)9/5/2000 2:49:47 AM
From: Arthur Tang  Read Replies (2) of 847
 
That is a question of technical analysis, since fundamentally, ANTC has no changes.

Silicon Investor's 6 month chart just started to breakdown. 2 year chart looks good. Last Friday's one minute chart shows oversold. So, I would think that some reaction may happen today. That is a small bounce, maybe possible; even though market makers have been pulling back all last week.

In looking at the blue and red bar chart of volume in one minute chart, you can tell that market makers were just printing their offers and were caught by surprise by two large sell orders, then moved their offers. This pulled back with lower bid offers. Most of the afternoon they were all sell orders. On ebb and flow during the week, Friday would have most professionals close their positions.
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