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Technology Stocks : DSC Communications

DIGI 0.0001000

0.0%

Jun 3 1:06 PM EST

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To: J.T. who wrote (2345)	6/28/1997 3:12:00 AM
From: DanZ	of 4429

J.T., Paul D, and MWP, I was out of town all week and wasn't able to connect to SI. Please accept my apologies for the delay in answering your questions. DIGI broke daily support on June 25 and went down to test the middle weekly bollinger near 21 1/2. If 21 doesn't hold, then I'm afraid I can see it down in the 19 area. Resistance is at about 22 5/8 and declining. We bought some DIGI at 23 for the Zport, but because the downside risk is fairly substantial below 21, I'm planning to recommend that we take the loss if it trades below that. The stock had an inside day on June 26 and June 27, meaning that the intraday high and low were inside of the previous day's range. This is an indecision point among investors and it is also called a flag because of it's shape. Normally this type of pattern results in a resumption of the short term trend--which unfortunately is down in this case. I wouldn't preempt the move by selling the stock before it breaks 21 though because it might not happen. The main problem is that the risk/reward isn't good if the stock gets below 21. Dan

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