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Technology Stocks : Osicom(FIBR)
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To: Scott Ozer who wrote (3732)12/23/1997 2:25:00 PM
From: Eric D. Peters  Read Replies (2) of 10479
 
Haven't posted in months, but I couldn't resist adding some sarcasm. The whole technical analysis thing is quite amusing. "There's support at 2 1/8." I've hearing there's support at 10, 9 , 8, etc...all the way down to where we are now. I'm afraid if earnings don't come in soon we'll hear that"there will be support from chapter 11"

with that said can someone explain to me what all this technical analysis is about. as far as i can see, it is a real leap of faith. if the analysis is right, there is an awful lot of self-patting on the back. If the analysis is wrong, it is easily forgotten.

do people agree? defend? and to keep this Osicom oriented, how has the TA fared when it has come to this stock? in my novice eyes...not too well.

Eric

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