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Technology Stocks : FSII - The Worst is Over?

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To: Sparky65 who wrote (1223)7/17/1997 11:56:00 PM
From: Donald Wennerstrom   of 2754
 
Sparky,

I forgot to add information on my previous post on the stock price. You brought up the fact earlier of closing at a new high. I went back to check the numbers.

The last time FSI closed higher was on 2 Jan 96 @ $19.50. The very next day it closed at $16.88 and has never broken $18 until today. Thats over 18 months and another strong technical indication because of the long period of accumulation and then a breakout. The "overhead" supply is over 18 months old!

It supports your point about a lot of new money going in that wants to wait for a higher price to make a good profit.

Don
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