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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.00150-28.6%Dec 11 9:30 AM EST

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To: Dwight E. Karlsen who wrote (5501)9/23/1997 5:08:00 PM
From: Jeffery E. Forrest   of 22053
 
Bullish engulfing pattern in COMS on Thurs & Fri, if I'm reading the tea leaves properly.

Congratulations Mr. Karlsen, you are a winner in "The Stock Price is Right".
You have won a bucket of horse manure, would you like to try for two??<g>
****
Good call Dwight.

It's even more compelling if you look at the volume. Thursdays black candle comes with well-above average vol. which can be viewed as a selling climax.(after a 3 month downtrend :-(
Definitely increases the chances that it is a bottom reversal.

It gets even MORE bullish when you see that the Engulfing Pattern is confirming support at 45-46 from about 3 weeks ago and then all the way back at the Gap in Feb.

I don't use Fibbonacci numbers much, but it appears we have a Fib retracement as well.

Chart looks GOOD!
===============
PS-
Earnings just out. Haven't had a chance to look REAL close, but after a quick scan they look good !

Good earnings to back up a VERY constructive technical pattern...Cool!
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