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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: John Stewart who wrote (3413)8/10/2001 11:27:15 AM
From: Philip W. Dunton, Jr  Read Replies (2) of 3661
 
John, Looks to me like the nazz wants to test the April low. MTSN has weakened technically over the past few weeks, just like the rest of tech. If tech remains under pressure, I would expect MTSN might break critical support at 12. The next support level is around 9 so you might want to put a gtc in at that price. (I would not be a big buyer here as we head into the next earnings warning season about 8/20.) As I write this, NAZZ is testing its low of early July. If it holds, then MTSN will probably hold at 12. Right now, there is heavy resistance on the upside at 14-15 and more at 18-19. Good luck, Phil
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