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Technology Stocks : New Dimension Software (DDDDF)
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To: DD™ who wrote (127)2/22/1998 8:26:00 PM
From: Elliot Lepler  Read Replies (1) of 209
 
Guys,

I was looking back over the thread. Looks like my post #114 was very prophetic. At that time the stock was at $24 and I predicted we would only see "another point or two" before the earnings release.

I also reminded myself that Oppenheimer was calling for a $30 price target. Now I read they are saying $33. Did they raise the bar?

If so then all the more reason to hop on again in the low 20's. I think we will begin a move higher soon.

My guess is that we drift slowly upward for the next couple of days, but stall in the 24 area. Then we may retrace back to the 21-22 range for a retest of the low.

Of course news may change the course. I did hear several analysts from brokerage houses asking questions on the conference call. Perhaps we will see some more coverage.

Did anybody hear anything negative in the conference call? What about the Y2K product? Is that becoming a negative now that we are less than two years before the deadline?

Elliot
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