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Technology Stocks : Internap Network Services Corporation

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To: Jibacoa who wrote (453)	8/27/2002 4:34:44 PM
From: Jibacoa	Read Replies (1) of 1011

Well, a 29.41% gain, on volume of 12.5M for the day, in spite of the general market's performance isn't too bad.<g> The bounce from the $0.13 L on August 19 to today's intra-day H of $0.27 was a 100% gain in just one week,and not surprisingly there was a good amount of profit taking.<g> The move to test the July 16 intra-day H at $0.38 should provide a good 65% gain from today's close. The heavier 15 minutes & 30 minutes volumes took place at the start of trading (3.396M in the first half hour)and were definitely to the up-side. The volumes were more impressive in view of the lack of news. Both on the 30 minutes and 60 minutes charts the stock was able to close on an UP-TREND with the averages on the right sequence.<g> The data (P,S,M,L) on the 30 min. chart:0.22; 0.22; 0.22; 0.19 On the 60 min.:0.22; 0.22; 0.21; 0.18 The price closed above the Medium average line in both charts as well as on the daily one.<g> It seems something must be cooking and we should soon find out.<g> siliconinvestor.com siliconinvestor.com Bernard

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