Internap Network Services Corporation Message Board

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Technology Stocks : Internap Network Services Corporation

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To: Hawkmoon who wrote (832)	5/2/2006 2:17:20 PM
From: Hawkmoon	Read Replies (1) of 1011

Guess I should just keep my mouth shut, eh?? That retracement to 1.33/share came FAST AND FURIOUS this afternoon. But it effectively brought us back down to the 50 HOUR MA (blue line) and we seem to be trying to recover from there: bigcharts.marketwatch.com But we hit our heads on that upper Bollinger Band at 1.40/share, briefly penetrated it, but then have retreated beneath it. Could just be a shake out, in anticipation of further highs, or a set up for a distribution cycle. bigcharts.marketwatch.com I'll be watching the close pretty carefully to see what the indications tell us. I'm taking a "hold" position on it for the near term until I can see which way the wind is going to blow. But long term I'm still comfortable with the PnF analysis that the stock will be looking at $3/share sometime in the near future. Hawk

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