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Technology Stocks : Zapata (ZAP)
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To: Ken M who wrote (231)7/17/1998 4:15:00 PM
From: DanZ  Read Replies (1) of 1206
 
<So what happened to the 900,000 share order today?>

I dunno, do you?

Current chart read: The last three days created an upward sloping triangle with highs around 23 and rising lows. This is a bullish formation, especially when taken in the context of the chart over the past 10 trading days. The past three days created a pennant in an upward trending stock and a move through 23 would confirm a breakout with a target of 25. If I was short at 24, I'd have a buy stop in at 23 1/2. I'm not in any way suggesting that you should do that; I'm merrily saying what I would do if I was in your situation.

Good luck,
Dan
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