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Technology Stocks : Worst stocks for '96

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To: Adrian Cosoroaba who wrote (127)1/22/1996 8:33:00 PM
From: Magnifique   of 312
 
Price is irrelevant, behavior of the stock is relevant.

The chart on NSCP very clearly shows a breakout -- first at 141 1/2,
and then 153. The next resistance is 174, all-time high. Forget
about fundamentals -- they are good for long term investors. But
long term consists of many short terms, and in the long term we are
all dead. In the mean time, NSCP is showing an absolute absence of
sellers. The volume dramatically accelerated, and you have to be
blind not to see that it's a buyer's market. Don't lose your head,
but this is the time when you do with the herd. Just make sure that
tiptoe their footsteps. Good luck trading. Netscape is not going to
disappoint you.

--Magnifique
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