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Technology Stocks : Osicom(FIBR)
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To: James Strauss who wrote (5752)3/6/1998 12:53:00 PM
From: bill banks  Read Replies (1) of 10479
 
jim--very interesting action here as it seems that more people rushed in believing that gladue's estimates would pan out. he has been totally off the mark so far, why would anyone listen to him? from a TA perspective this action leads me to want to add to positions. i have been on the sidelines for a few weeks waiting to see the #'s and all that we heard on the new products. the 4 3/4 print today is a double bottom, if we see a 4 1/2 print it would be the first sell signal which is usually false. this also sets up a potential BEAR TRAP. We would now like to see an orderly move to 6, a double top, followed by 6 1/2, a consecutive double top which would be a very positive buy signal. life tends to never be dull with this one. appears that the shorts won this round and hopefully made some money and are out of the way. as always only time will tell.
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