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Technology Stocks : FSII - The Worst is Over?
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To: Donald Wennerstrom who wrote (1744)2/8/1998 5:25:00 PM
From: Donald Wennerstrom  Read Replies (1) of 2754
 
Last week was such a strong up-week, I decided to go back and
compare it with previous weeks. I have weekly closing data going
back to 4/18/97. By "eyeballing" the graphs of the 37 stocks I have
been listing each week, I had previously chosen the closing prices
for the week of 4/25/97 as the low point for the group. The data
seems to verify that choice since there was a drop of 3 percent for
the week of 4/25 compared to 4/18. From the close on 4/25, the
group had a strong upward movement as shown by the data in the
following table.

For following week which closed on 5/2, the group went up 15 percent.
The group continued its steady rise until the week closing 8/22,
with the exception of the 2 weeks closing 6/6 and 6/13. From 8/22 to
the week closing 10/10, the group had essentially a flat top. Then
the group started downward with a vengeance which lasted until the
week closing 12/12. There was a one week "bounce" of 8 percent for
the week closing 12/19. Since that time until the close of week 1/30,
the group average has essentially been flat.

Now we look again at the week closing 2/6. The gain of 11 percent
for the group is the highest since the week closing 5/2, almost
exactly 9 months ago. Does this last week portend the start of
another 3 month run of ever increasing group prices that was started
on 5/2/97? If so, it would be the right time to invest. It would be
great to hear some opinions on the forward looking possibilities.
Anyone care to comment?



WEEKLY CUM
CLOSING SUM PERCENT PERCENT
PRICE CLOSING GAIN/ GAIN/
DATE PRICES LOSS LOSS
04/18/97 655
04/25/97 636 -3
05/02/97 731 15 15
05/09/97 785 7 23
05/16/97 789 1 24
05/23/97 834 6 31
05/30/97 863 3 36
06/06/97 837 -3 32
06/13/97 804 -4 26
06/20/97 835 4 31
06/27/97 850 2 34
07/04/97 895 5 41
07/11/97 961 7 51
07/18/97 1009 5 59
07/25/97 1046 4 64
08/01/97 1061 1 67
08/08/97 1086 2 71
08/15/97 1096 1 72
08/22/97 1204 10 89
08/29/97 1210 0 90
09/05/97 1239 2 95
09/12/97 1235 0 94
09/19/97 1241 0 95
09/26/97 1224 -1 92
10/03/97 1230 0 93
10/10/97 1226 0 93
10/17/97 1051 -14 65
10/24/97 916 -13 44
10/31/97 867 -5 36
11/07/97 892 3 40
11/14/97 842 -6 32
11/21/97 858 2 35
11/28/97 804 -6 26
12/05/97 790 -2 24
12/12/97 629 -20 -1
12/19/97 677 8 6
12/26/97 663 -2 4
01/02/98 703 6 11
01/09/98 632 -10 -1
01/16/98 668 6 5
01/23/98 679 2 7
01/30/98 689 1 8
02/06/98 767 11 21
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