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Technology Stocks : Systemsoft Inc. (SYSF)
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To: Jim Roof who wrote (186)8/19/1996 1:59:00 PM
From: Brian Fuller   of 3529
 
Let me preface my comments by saying:
1. I'm an SYSF sharholder though certainly not as jaded as some who
show up here.
2. I recognize that there are huge risks involved at this price level.
3. I recognize that the stock is being 'hyped'.
4. I too enjoyed your past analysis and warnings. I believe you
correctly pointed out at the time that the stock was working through
a period of extreme vulnerability; I took notice.

If I can read between the lines, what I am now hereing from the shorts
on this thread is that technical analysis is unable to predict the
movements of a 'manipulated' stock. This seems to me a disingenious
argument. Reading Gerorge Chelekis excellent article referred to above
leads me to the conclusion that this is exactly the type of pattern
which technical analysis should be good at predicting. In fact the
article could have been titled "Why a stock forms a head and shoulders
Top".

I'd really like to know your opinion on this as I am not a technician but
I would posit that TA does an excellent job of predicting the "manipulative"
pattern (maybe along the lines of 90% accurate?) and just maybe there
is something else going on here.

After all if TA does not work for a manipulated stock why would anyone use
it on the NASDAQ, a manipulated market?
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