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Technology Stocks : FSII - The Worst is Over?

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To: Sparky65 who wrote (1299)8/7/1997 12:48:00 AM
From: Donald Wennerstrom   of 2754
 
Sparky,

Glad to see you are hanging in there with some of your stock. FSII made a nice move today. Nothing outstanding, but a nice little rise on medium volume. I have been watching the chart very closely over the last several weeks.

It has had a nice rise, and the upward trendline is still OK. The next few days should be very interesting. It can obviously do three things - go up, go down or consolidate where it is. Actually, IMO, it wouldn't be that hard for the price to go to 21/22 over the next several weeks. It seems to me the present estimate of FY-98 PE would let it go that high without any problem.

What we need is a little good news - to make it go!! <g>

Regards,

Don W.
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