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Technology Stocks : TLAB info?
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To: Jon Tara who wrote (1968)1/27/1998 1:39:00 PM
From: Bob Martin  Read Replies (1) of 7342
 
> Bob, I see support at 45. I would agree with Chip only if the stock
> breaks 45.

> It is trading below both the 50 and 200-day moving averages, and so
> it is in a downtrend.

Then you're misguided, too, if you think it could go down to $28. I understand that you say it's in a downtrend, but how would you explain
it going to $28. (I get the $28 figure from CHIP's post that I originally responded to). At some point, the fundamentals overrule TA, and too many buyers come in to snap up shares, preventing a further drop in price. For TLAB, this point occurs long before it would drop to $28.

Bob
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