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 (402)	12/9/1997 5:29:00 PM
From: Alan Aronoff	Read Replies (1) of 802

Rick, Thanks for the info. Unfortunately, I still think technical damage has been done. When I wrote that I thought it could be a good trade in the morning I was expecting the bid/ask to close at $3 x $3 1/8. Assuming a flat/up general market, I would have tried to pick some up at the open and sell it at $3 1/2-$5/8. In the last ten minutes there appeared to be about 30k shares traded (I don't have a log of trades) and the b/a moved all the way up to $3 3/8 x 1/2. Someone beat me to it :-). But I don't think this bounce will last long. Now that $3 1/2 support has been taken out it's back to $3 before earnings report due to the usual uncertainties and doubt. I think tomorrow morning will be the best last chance to get out, at least from a short term perspective.

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