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Technology Stocks : FSII - The Worst is Over?

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To: Kent Sarikaya who wrote (1176)7/13/1997 10:39:00 PM
From: Debt Free   of 2754
 
Kent,

IMHO if FSII gets below 14 it will probably head back towards the 12 1/2 area. If I was looking to enter a postion at this time, I think that I would get in now. FSII has been up strong the last two days on the largest back to back volume in quite a while.

In addition, while the official 52 week high is 18 1/4, we are within a smidge of high on a closing basis (Jan 22 - 17 3/8). If we get above 18, I don't think that it will stop until the low 20's.

Having said all that, I have held these shares for quite a while and I am now back in the black by a couple of points. I am not planning on letting this position turn into a real loser again. Unless this thing gaps down under 15 (Not very likely), I am planning on exiting if it gets under 14 1/2 (approximate 50 day moving average and trendline support).

Just my opinion.

Good luck and God Bless.
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