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Technology Stocks : EDS(GME) Stock

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To: Dave O. who wrote (31)10/30/1996 5:47:00 PM
From: Al Serrao   of 60
 
BOP has been negative, indicating heavy selling, since the stock fell out of bed. The rebound on 10/29 should have brought in bargain hunters. Instead BOP showed continued heavy selling.

BOP does not measure individual trades, only the total selling or buying for the day. I doubt the stock can recover short term if this trend continues. And if the trend does continue, the stock may break again or more likely fade away on lower volume.

The action on the tape today indicates a battle between the bulls and bears on very heavy volume. I'm anxious to see the reading on BOP this evening.

Will advise.
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