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Technology Stocks : FORE Inc.

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To: Paul A who wrote (7026)12/31/1997 5:38:00 PM
From: jach  Read Replies (2) of 12559
 
<The tape never lies folks. The more I keep hearing people say there wont be a warning, the more I realize there most definatly will be. Believe what you will but a stock dosnt have these problems for no reason. Good luck to the longs...>

the whole tape basically reflects market sentiments of all the traders;
for FORE today the action seems to be in the middle of the tape --
FORE derives only about 5% from ASIA. Based on last qtr report
they are comfortable with the future order rate.
Also the new high-speed cards that was announced considering the installed base of FORE (4000+ customers) should bring in quite a bit of revenue just for the upgrades.
Today as well as last few days, it's obvious that tax loss selling was a key factor; seems like waiting till the last minute is not so uncommon considering the love of some (maybe more) to do things in the last minute.
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