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Technology Stocks : Novellus
NVLS 2.400+2.1%Jul 24 5:00 PM EST
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To: Ian@SI who wrote (3498)1/29/2004 5:34:10 PM
From: Ian@SI  Read Replies (1) of 3813
 
Permit me to change my opinion. If NVLS closes the week below 33, it's starting to look as if the mid 20s will be inevitable.

Money Flow out of the stock has deteriorated sharply on strong volume. Some of the key technical charts are beginning to resemble Oct 02 when NVLS broke $20.

If it closes above $33 tomorrow, then I'd let my faith in the fundamentals rule.

FWIW,
Ian
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