Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Yiota who wrote (2573)	2/25/1998 12:24:00 AM
From: Michael Abramson	Read Replies (1) of 4903

Giota, you are right about accumulation but it was going on Monday until traders got suspicious and run stock over 21. It looked very much alike days before previous two run ups and I was expecting today very serious action with support at 19 7/8 but it didn't happen may this fruit isn't ripe yet. Analyzing weekly chart I found that all four times when Stoch. crossed 20% line, stock had 2-4 weeks of getting a little lower and exploded only after these rests. So we are very close to technical break out unless something negative should happen. I completely disagree with Leo's fundamental approach to NSCP it's not only questionable data he presented here but also method which is good for well established cyclical companies, growth stocks have different criterions for valuation of their prices, and besides I strongly think that until there is five years of fundamental data is available, any calculations and analysis are meaningless. Michael.

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