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Technology Stocks : THNK -- Think New Idea -- Rolls Royce of Web Page Creators

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To: David H. Zimmer who wrote ()3/27/1998 7:22:00 PM
From: James Wright  Read Replies (1) of 545
 
Steady As She Goes . . .

The fact that THNK essentially held steady and closed in the same range as yesterday's close, with volume that was ten times normal, is a very good sign for next week. Today's price stability on the heavy volume suggests, after yesterday's 20% rise, that the price will continue its upward growth as the current profit takers are quickly bought out. Keep in mind the very small float -- thus it doesn't take much for 750,000 in volume to absorb any profit takers.

Bottom line: There's nothing to indicate that demand in THNK is declining, volume remains VERY strong, and continued growth in the near term is indicated.

What do the rest of you THNK?
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