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Technology Stocks : FORE Inc.

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To: Elmer Flugum who wrote (8863)7/9/1998 8:09:00 AM
From: Igor Nasonov  Read Replies (2) of 12559
 
We are in a good shape. Things are a little bit slow for FORE, but
all longs will be rewarded.

Seven sessions in a row on a low volume. IMHO this is what happens: A lot of Portfolio Managers would like to buy FORE before earnings, but they are getting smarter year after year and wait for the better price. We saw couple of intraday rallies during last three sessions. Less patient institutional buyers were jumping in. Others are waiting, but daytraders and week-hands-holders cannot bring price down seriously.

Time is running out. I expect upside move starting today and going strong next week. If better price isn't available buyers will pay whatever it takes to jump on a board.

This reporting will be Fourth Sequential Quarter Above Expectations!!!
The whole year of smart work and it's getting better !!!


Good Luck and Prosperity to all.

Happy Trading, Igor
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