Online Systems Services (WEBB): www.ild! Message Board

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Technology Stocks : Online Systems Services (WEBB): www.ild!

WEBB 0.0001000

0.0%

Oct 28 9:53 AM EST

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To: wfrazee who wrote (15)	9/30/1997 10:44:00 AM
From: K. Bloomquist	of 88

I'm not an expert but I see the resistance level as the highest point in a trading range that a stock has reached at least twice without breaking through on the upside (without considering volume - which is probably a flaw). I know its risky trying to apply technical analysis, especially to these thinly traded micro caps, because of the manipulation that goes on. However in WEBB's case I think the people who purchased in the IPO and when the stock was under $4., and who were anxious to get out, would have sold the second time the stock hit $9.5. I'm thinking that the people who are still in now are in for a relatively longer term. What are your thoughts?

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