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Technology Stocks : Data Dimensions

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To: ItsAllCyclical who wrote (2613)8/5/1997 7:48:00 PM
From: TA Trader   of 4571
 
Hi Jim, First of all I will give you a TA on TSRI later after I study the chart and indicators.

I believe that Sondo is correct in highlighting the Unisys announcement this morning as very big for DDIM. For the first time, it validates ARDES 2K as a viable product. (Last week I posted to give us 2 weeks and you would have an answer as to the future of ARDES 2K). Don't kid yourself, a listing on the GSA will make ARDES 2K a major revenue contributor to DDIM. It removes the doubt and of course once again, smart money moved in. Also,
The Unisys announcement points out what I have been saying namely that there will be many MAJOR announcements coming both for DDIM and other Y2K companies that will continue to propel them higher. For DDIM, there will be repeated upward revisions on earnings and revenues which will send the stock higher. Once again, I must repeat that the public still does not know these issues and once they do the rush is on. DDIM is not the only Y2K stock moving higher and that is important for the bulls as we need the whole group participating.

Technically DDIM is textbook perfect and has been for a long time. Most importantly, we have positively completed the consolidation and are now embarking on what I will call leg 2 of its advance. This will not be a moon shot in here and we still have resistance between 30-32 which will (should) take time to resolve but it will and then once above 32 on a closing basis, there is no overhead supply. The stock will move smartly ahead. The risk I see in here is that we move too fast and get overextended and therefore ripe for profit taking which will force some of us to take profits and risk being out if this really gets out of hand. While a nice problem to face, I would much prefer a little consolidation between 29-32 for 1 to 2 weeks and then a smart move to new highs. Good Luck to all!
WHAT A COUNTRY!
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