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Technology Stocks : Irvine Sensors

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To: Tech Master who wrote (623)3/13/1998 4:54:00 PM
From: Robert Florin   of 1673
 
It may have done so today. Too many nervous longs saw resistance at 3.875 and when it lingered in the 3.5 region, it prompted many to reduce its value 1.5 out of a 2.5 point stock rise. THat is about your average retracement. Note the buying at the end of the day. The stock retracement will set the stage for a further advance on Mon when people have a chance to digest the move of the past week. Count on a lot of volatility as new and unweathered investors in IRSN overvalue the current worth of its interesting but as of yet commercially undeveloped technology.

Robert B, congratulations, your timing has been excellent.
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