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Technology Stocks : Paxson Communications (PAX)
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To: webpilot who wrote (76)3/24/1998 1:32:00 AM
From: GR  Read Replies (2) of 154
 
i'm in at 10 1/16.it closed kind of weak.But technically it is still not 100% overbought.Until daily stochastic gives a sell signal i'll be in.It will,from a "15 minute" technical point of view open lower,but i expect support at 9.375 to 9.5.I will sell,however if it breeches 9.00.It is possible we have seen the primary run up in the stock.
(from 8.6 to 10.00).But the thing about buyouts is that they will suddenly move up,without any technical warning.Volume certainly has increased from march 18 on.Like i said,my fuess is we will exceed 10 1/16 today,tword the end.It looks like a consoladation,however,one can never be 100% certain of anything in the market.Lets hope the buyout rumor is true.Volume certainly supports it.Patience is the key.
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