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Technology Stocks : Macromedia...making a comeback?
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To: John Nail who wrote (1799)9/15/1997 5:12:00 PM
From: ram yariv   of 2675
 
technicaly, it looks great on a weekly basis. Forget all these analysts, the chart is "telling" the story. I like the fact that there
are a lot of holders, who got caught at higher prices-they will not sell until they recover their cost+commission from their red hot handed brokers. There lays the trade! Nxt level is 12.5, than 15.375 than 17.5- 18.5. The technical shorts will look very carefully at these trigger points!!Bloomberg shows some insider selling, so i presume a takeover is out of the question?!
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