UNPH _ Uniphase Message Board

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Technology Stocks : UNPH _ Uniphase

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To: Paul Casi who wrote (799)	3/25/1998 12:32:00 PM
From: Ed Frye	Read Replies (1) of 1261

UNPH has sharply rallied to the 45+ level once each month since the November 2:1 split only to retreat just as quickly, finding support in the 36-38 range. The current rally marks the 5th attempt, and the 2nd this month (a first) to break out of the current trading range. Normally 3 or 4 attempts in about an 8 week period is enuff to get the job done. I'm hoping this trip up is the one that gets us over the hump. I'd hate to see us lose momentum again. I'm sure we hit lots of limit sells this AM at 44. Next few points will be difficult but after that resistance may dissipate and 45 may become strong support. ....ed

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