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Technology Stocks : Seeking investment advice on CHPS or DAWK
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To: Rosemary who wrote (7)11/5/1996 12:44:00 PM
From: Gregory Cole Brock   of 55
 
Rosemary,

Not owning the stock could mean that you are biased downwards.
The gap at 15 is ominous when you think about the number of
shares that have traded in the 19-20 area. It may have a tough time
getting through that level. If it does it should go at least 20% quickly.
If not you may see it at 15 before it goes back up.

I like the fact that the NASDAQ supported off the 1200 level instead
of doing a double top pattern and dropping to 1050. We should see
higher levels for the general tech market short term. This alone
could take CHPS through this consolidation.

Maybe buying half now and half after the stock exits the
consolidation at either 21 or 15, whichever comes first, is the way to
go.
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