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Technology Stocks : ANTEC Corp. (ANTC)

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To: Judy Muldawer who wrote (336)7/14/1998 10:38:00 PM
From: Daveyk  Read Replies (1) of 847
 
Yes Judy I saw that too.Lack of volume today would concern me.I saw an article stating that AT&T feels confident their buyout of TCI will go thru so this may help Antec.If it does break 21 I'd still recommend selling cause all the TAer's will.
As I said it's still in an upward trend channel wise and normally I don't sell until a stock breaks down but too many calls written at 17.5 for August and little activity elsewhere.Also short interest has increased which may create downward pressure or maybe a good short squeeze is coming.Technicals lean to a lower price but you know they're never perfect and news overrides them anyway.If it keeps going up I'll be happy for those who hung in;if it falls to support and bounces I'm back in heavily.Watch for a possible double top which could be happening now.If it doesn't break out you can always sell and buy back later.Hope it keeps on going for you but be nimble,another good one always comes along.
Regards,Dave
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