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Technology Stocks : Aerial Communications AERL
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To: Ian Achterkirch who wrote (8)5/23/1997 8:16:00 AM
From: Barbara Hospel   of 68
 
Thought you might like to see this from another thread. Wonder why Ron had not responded as the thread was started by him.To: Ron Pastore (252 )
From: Doug R
May 23 1997 3:03AM EST
Reply #258 of 258

Ron,

If AERL can break through 8 5/8 in the next two trading days, it will
become a wild animal and you will be on your own. Right now, support
is at 7. Don't let it go too far below that without making a decision.
(I doubt that decision will be necessary though considering Thursday's
volume.) 11 looks very possible here. As it gets higher, the risk/reward
ratio will start to weigh heavily to the risk side. Watch it closely and
take a lesson from Instock's fat wallet. Now you know why I give those
intersecting lines of resistance alot of respect. If the price goes through
the intersection, a BIG move up follows. If the price fails to go through,
a sharp fallback follows. Monday closed above the intersection. I love
linear intersections.(They're my own discovery as far as I know...you
wouldn't believe the intersection that signalled the March drop of the
market. It occurred as the failure of the 34 day RSI to break above the
intersection of the RSI downtrend from 11/96 with the RSI uptrend from
7/96. It was a thing of beauty.)
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