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Technology Stocks : NTN Communications, worth 185 million?
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To: Rich Genik who wrote (1747)12/5/1997 2:32:00 PM
From: dwight vickers  Read Replies (1) of 2985
 
Rich,

You're right about the tax loss selling. It doesn't necessarily have to go until the 31st, although in this case it may.

A bounce in Jan. or sooner is then possible. But the $1.50 area is becoming solid resistance, and that area could limit the bounce. On a chart $1 3/4 is also important, and the failure to re-test it since the breakdown has also been a negative.

Todays decline on high volume is a bad sign. $1 1/8 has to hold, or this could get ugly real quick.

Dwight
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