Osicom(FIBR) Message Board

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Technology Stocks : Osicom(FIBR)

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To: Mama Bear who wrote (4077)	1/12/1998 12:04:00 AM
From: Mama Bear	Read Replies (1) of 10479

Tomorrow we may indeed find out the true metal upon which this rally was forged. Hong Kong and the far east are being slaughtered. The blood is truly running in the streets of Hong Kong tonight, with the Hang Seng down more than 11%, and the S&P futures trading 950 basis points below fair value. This rally in FIBR was not forged in a very strong market, but indeed FIBR fell on significant volume in the last broad based market decline. FIBR's 10 day moving average is right around 3 right now. It is not uncommon for a stock that has pulled off of the 10 day as much as FIBR has to test the 10 day. Strength would be shown if the 10 day moves up toward the current price for that occurence. We'll see how it acts tomorrow. Barb

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