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Politics : Idea Of The Day
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To: Michael Rich who wrote (15826)12/20/1997 4:05:00 PM
From: Judy  Read Replies (2) of 50167
 
Hello, Michael

Based on price-volume data, there was heavy net buying in SUNW last week while the market tanked. Technically all the emas are converging, so the stock is due for a move, could be either up or down. Upside resistance is 40-42 so you could trade for a scalp, but there could be substantial downside depending on fundamentals. Key issue is why would corporations be spending money on servers when they need to divert funds to resolve the yr2k problem next year.

Why do you say AOL is dead? My sense is that AOL wants to go higher before dying.
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