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Technology Stocks : TSR, Inc. [TSRI] Good Earnings!
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To: Daniel Colton who wrote (181)2/16/1998 11:24:00 PM
From: Andrew Furst   of 281
 
Daniel, I suppose $18 or almost anything else is possible for a support level. TA is not really my thing, but here's my (probably biased) guess ...support level the $25's (about where we are now). Why? Because of the December 1996 high, which we are now (slightly) above. What were once highs (and resistance) often become significant levels of support. It took a lot of volume and positive action to break through those old highs, and I'm guessing that level will not break easily on the downside. Not for any significant period of time, anyway (if at all, maybe for a day or two - then back up). If no other level of support holds, certainly $14-16 looks very solid as a support level, though I think/hope it won't go that low again. Just my 2 cents, good luck to all.
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