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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?
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To: Kal who wrote (1703)12/13/1997 5:06:00 PM
From: TLindt  Read Replies (3) of 4903
 
I think you could be right......I just don't know where it could go..upside for potential...$35 short/term.

I just haven't seen that rounding off in the bottom on this. I hate being early....and yet I don't want to miss it.

What do you think? Everybody who bought this and held is out of the money over the last year......well nearly everybody. You think they'll dump it, to write off the gains on other trades? I mean I can see why our friend the grasshopper took a powder......there's gotta be some more out there.

From the chart....It worked last time...and told me to stay away when she started closing below the 50 day moving average. It told me then this downturn would go for months.

If history repeats itself...we're looking for about 1 month to 6 weeks of narrow trading..$2 up $2 down type of locked limit trading, with little to no volume compared to average. I saw that this year In NSCP, INTU, DIMD and did really well waiting for the trading to get tight.

But, It's about time.....4 months would be about the longest time period Netscape spend under 50 day moving average.

We might not see teens.........but we could see those low 20's. I'd say 21-24 is good if volume falls off...which it might not, year end sales....and it's tight.
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