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Technology Stocks : YURI ( YURI SYSTEM )

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To: The Phoenix who wrote (556)2/18/1998 6:04:00 PM
From: HerbertOtto  Read Replies (1) of 1181
 
Gary, ( Bears 2, Bulls 0 )
Yesterday, YURI had a chance to break out above 23 5/8. Went to that level twice during the day. The 2nd time, late in day, the Bears came out to protect their 23 5/8... and no new buyers answered. Stock fell rapidly through 22 3/4, to smash the little base that had been built up above the 20-day MA. Closed below. Today, closed under the 200-day MA. Yuk! The OBV has turned negative since the earnings report, and now looks like we need to shake the tree some more... say to 20. Will take more time to get it all done. Maybe the PE is scaring away new money.

Herbert
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