Fastcomm FSCX (6 1/8), base now complete. Big Upside. Message Board

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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

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To: Rick Smith who wrote (364)	11/24/1997 7:00:00 PM
From: Fred	Read Replies (1) of 802

I beg to differ. It may be true that 3 1/2 provided a lower resitence level last week but the same argument could've been made for 3 3/4 (intraday) or 4 (close) the week before. I think 3 1/2 provided a downside resistence level only because it was oversold (down almost 2 points or 40%) over the previous 2 weeks. It seems to me 4 is proving to be a resistence level on the upside and the bottom has not yet been firmly established. Personally, I'm short term bearish and long term bullish on this stock. However, if history is any indicator, it could be good for a 1 point pop to the upside at any time.

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