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Technology Stocks : Concurrent Computer (CCUR)
CCUR 2,2550.0%Jan 16 9:30 AM EST

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To: Christiaan McDonald who wrote (1323)9/30/1997 9:35:00 PM
From: DEER HUNTER   of 21143
 
I took a look at the weekly and monthly charts. In my opinion they are both in the beginning phase of a prolonged uptrend. This latest washout is healthy and is required before the stock moves higher. The stock should be at good support or very close to it. It's a little disheartening that the stock is back to it's old pattern of ignoring good news however. Just confirms my thoughts last week that weak hands needed to sell. The latest peak at 2.81 looks identical on the weekly chart to the previous two peaks at 2.84 and 2.97. That bothers me a little. Still thinking the stock will break above 2.81 in the next several months.

Long and standing firm.

DEER HUNTER
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