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Technology Stocks : Individual, Inc. (NEWZ) - Any thoughts?
NEWZ 28.61+1.0%Nov 5 3:51 PM EST

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To: Ms. Baby Boomer who wrote (799)12/9/1997 11:42:00 AM
From: Len Giammetta  Read Replies (1) of 1004
 
>>probable reversal in L/T downtrend. <<

I studied your Bollingers, and the 200dma. I see where you're getting your numbers, but I don't understand your conclusion, although of course I bow to your expertise. However, despite the chart, and fundamental data I've noticed that since the merger announcement, we're tied to DTOP's price. It seems like we always close 10% less than 2x's DTOP's close. Unfortunately. DTOP appears to be in a major downtrend, that began sometime before the merger announcement, with no quick end in sight. It seems to me that in order to predict INDV's movements we need to pay lots of attention to DTOP. After all, why would anyone pay more than 2x's DTOP's price for INDV... wouldn't make sense.

I hope that I'm wrong about this one!!!
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