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Technology Stocks : FORE Inc.

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To: Ed Frye who wrote (7037)	1/2/1998 3:40:00 PM
From: Ed Frye	Read Replies (1) of 12559

Trade bias turned decidedly from the ask side to the bid side @16x16 1/8 (=influx of sellers) as volume quickens. 16 was a traditional support point so I guess it's not to be unexpected that it would act as resistance on the way back up as many who entered @16 may have tired of waiting and are settling for their breakevens. Possibility exists that we're being choked off by short sellers but the magnitude of recent rally (nearly 20%) suggests bears are losing control. In fact, short covering by bears is probably contributing to current rally. We shall see..........ed

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