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Technology Stocks : Microdyne (MCDY)

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To: Sunny Span who wrote (195)5/28/1997 8:34:00 PM
From: Walter F. Rauch   of 414
 
I am glad MCDY broke the $ 5 level

Nice appreciation on medium volume. Stock is quite strong, relative strength of 80 and momentum of 1.12. I guess it will go to the $ 6 level with the typically retracement into the $ 5-5.5 level and then heading towards $ 10. I have the feeling all those shorts started to cover and this is just the beginning. It will be a hot summer.

Regards

WR
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