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Technology Stocks : Medix - (AMEX: MXR)

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To: REH who wrote (169)9/8/2000 7:05:22 PM
From: GTC Trader  Read Replies (1) of 226
 
REH,

Steady as she goes! MXR sure looked great this week!

<< resistance at $ 3.50, 5, $ 7.50 and $ 9-9.75 >>

How do you calculate these numbers?

I expected resistance at 3, but the press release today popped us through that (and pretty close to your target of 3.5). The one-year chart shows resistance at 4, 5, 6, and of course, 9, to my untrained eye.

What do you think Monday will be like? Might we get a 2 million volume day? If so, could that blast us up to the resistance at 5 all in one day? Then would we retrace to 3 before the 9/21 conference? Then above 5 by end of month?

3 held well today. Do you now see that as support?

This is really starting to get interesting. Your thoughts are appreciated.

TIA - HB
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