Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: lisa who wrote (3656)	12/20/1997 12:20:00 AM
From: Robert Gordon	Read Replies (1) of 10479

Thanks for the info on the double bottom.. I went to the web and got a formal definition Double Bottom Used in technical analysis, it is chart pattern of a stock's prices showing a drop in price, then a rebound, then another drop to the same low price. The pattern usually means the stock has support at that low price and should not decline further. However, if the stock's price does drop through that same low price, the security is expected to reach a new low. >>Very important for the longs, that the share price bounces, so get >>out your cash, because the short and longs are going into combat >>Monday morning early. I have been fighting a losing battle to support this stock over the last couple months.. I have placed 7 different limit orders.. I hoped that each one would block the downward spin. But alas today my last limit at 2 1/4 was reached.. The funds have run dry. I wish I could help wage the war against the evil sellers on monday. Good luck and may you win the day!! ref. www2.hawaii.edu

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