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Technology Stocks : NTN Communications, worth 185 million?
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To: dwight vickers who wrote (1845)1/2/1998 7:37:00 AM
From: Rich Genik  Read Replies (2) of 2985
 
D,

Because of the calander, I don't expect a January bounce to really begin until next week. I'd bet most traders took today off.

Also, too many people may be expecting the January effect. I still think beaten up issues will have their usual dead cat bounce after tax loss selling.

As to NTN, we're getting squeezed down by the 20 DMA, currently hovering about 1.125. Volume was very good the last 3 days, which I would suppose confirms this bottom. If we don't close above the 20 DMA by Mon close, things look REALLY bad. We have two key trading days here, technically, and 1.0 appears to be strong support.

Cheers,

Rich
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