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Technology Stocks : Viasoft is an excellent stock, but what about the company?

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To: Chee Keong Loh who wrote (20)11/21/1996 12:36:00 PM
From: Carl Miller   of 169
 
VIAS appears to be in a head and shoulders pattern with the neck line penetration in the 44-41 area. By technical analysis preachings, the stock should retrace to 30.

I have been shorting this stock for several weeks and feel more encouraged with the position as the reversal pattern appears more clear. Volume patterns seem to confirm the downward trend.

41.25 is a definate support area that needs to be broken. I will consider adding to my short position but I think I will await a break below 40. A ride down to the mid thirties would then appear to be a reasonable trade.

ZITL will probably follow.
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