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Technology Stocks : Storage Dimensions - STDM

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To: Jimbo Cobb who wrote (127)7/21/1997 7:52:00 PM
From: kvogel   of 311
 
It does look like the company addressed many of their problems. Also the PC-LAN market and NT market for servers seem to be growing faster than most other tech areas. I'm encouraged but we'll have to see how the market responds. Tommorrow is important since there probably won't be more news for at least several weeks. My chart work doesn't show that much resistance at 7 as the turnover(more than the total float of about 2.8 mill shs) since the pre-announcement took stock out of weak hands and has put it with investors in for the longer term. It also has a large base between 5 and 6 1/2 so I think it could run several points rather quickly if it gets started. My real concern short term is that the overall market could have a swift correction at any time delaying this move.

Karl
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