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Technology Stocks : IMRS racking up y2k contracts.

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To: giddy guru who wrote (2448)4/29/1998 5:06:00 PM
From: Judy  Read Replies (1) of 3162
 
giddy, the market is selling off the yr2k sector and turning a deaf ear to technicals and fundamentals. KEA had a super earnings report but sold off and is testing its 50-day ema. CHRZ had excellent earnings, sold off afterwards and violated its 200-day ema. IMRS report was fine, sold off and will be testing its 200-day ema soon. I believe CBSL remains to report, and did its ritual rebound from its 50-day ema recently.

My sense is that this sector may be dormant for a month or so. I shall be joining all of you on more IMRS, shares and not options since I have no idea if the NAZ will hold together in the next few months.

Good trading/investing.
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