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Technology Stocks : GSCN - General Scanning

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To: Ed Frye who wrote (93)2/5/1998 11:09:00 PM
From: satish kamat  Read Replies (1) of 167
 
Ed: DMI = directional moving index by J. W. Wilder
Concept = market moves 30% with a trend and 70% sideways (random walk). gates.iqc.com
Reminds me of ASYT during last May. Similar gap ups.

21 is big resistance, however, the current accumulation may mean analysts are preparing for upgrades to take it out. Accumulation means smart investors may be keeping the price down till they complete the buying and momentum guys join the party.

29 is the resistance/support formed during Sept/Nov-Dec.
Why 29 = going forward, once the litigation is over, value will be fully recognized. As mentioned in CC, street views this as a semis company. It is really a more diversified bleeding edge, high tech high growth company:
EPS growth 99 2.00Eÿ98 1.50Eÿ97 0.96 96 0.69 95 0.44
Rev growth 99ÿ 265E 98 221E 97 181 96 156 95 100
P/S = 1.67
Truely a undervalued and underfollowed stock. All IMHO.

You are correct- we may get few soft market opportunities.
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