GTIS - Will it be a Phoenix or not ? Message Board

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Technology Stocks : GTIS - Will it be a Phoenix or not ?

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To: Chris McConnel who wrote (1893)	4/14/1998 3:45:00 PM
From: V.	Read Replies (1) of 2319

Hey Punkers, We have a technical breakout (DUH!) as the infamous resistance at ~8 has been surpassed in the last 2 sessions on high volume. With a strong close today on around 1M shares, all bodes very well for future upside movement. A couple minor resistance levels are ahead, but if this volume continues, it will not be a problem. Otherwise, if it were to break below 8 again, that would be discouraging...looks like it will indeed go higher though there will surely be pullbacks to secondary support levels during the rally. I do not think that we will see full retracement here back to the low 7 range given the strong momentum. We will update the TA tonight after all the data is in. I am happy for those who are in at the 7 - 7 1/2 range, as this is a golden opportunity to make up for past losses. Those with bigger positions might want to consider taking profits on partial positions once the volume begins to dry up. For now, it looks safe to hold provided that the interest remains in the stock for the time being. More later... :) xoxo, V.

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