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Technology Stocks : FORE Inc.

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To: jach who wrote (6989)	12/26/1997 2:18:00 PM
From: Ed Frye	Read Replies (1) of 12559

Hi jach. Re: RATL: Yes. ARSW and INTU are two more live ones although both may have reached significant resistance points, particularly ARSW. TLAB has me spooked --- its price is @ support (high 40s) with distant overhead resistance (@high 50s) =high reward/low risk profile BUT recent failed attempts to hold significant daily gains (long upper shadows on candles) means lots of selling into every rally. Possible troubles ahead or just caught up in networking malaise. Re: FORE and evidence re: accumulation/distribution. Before we freak out too much re: FORE's upcoming earnings look at: bigcharts.com AND from interactive functions choose "compare to" and "technology". Amazing, huh? FORE tracks the technology index (txx) almost exactly. So maybe the recent 20% price slump is 100% market-induced and NOT company-specific. Note txx was down today, similar to FORE despite gain in $compx (NASDQ). The only positive technical indicator I could find for FORE was OBV, which has been consistently high as FORE continues to set new short-term lows (=bullish divergence). This suggests ACCUMULATION to me. So, I wouldn't give up the ship yet. If FORE significantly diverges in a negative way from txx, then I'd jump.......ed

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