TLAB info? Message Board

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Technology Stocks : TLAB info?

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To: Jay Rommel who wrote (4132)	10/20/1998 2:03:00 PM
From: The ChrisMeister	Read Replies (1) of 7342

"What is your position on TLAB Chris?" I am still only very slightly long. The technical damage in this stock has been severe. We've put in what looks like a pretty good, though ragged, double-bottom for the time being. Thank Greenspam for causing many shorts to have to cover, launching us upwards the last several days, in addition to the reassuring earnings report (and CC). We go over-bought above about 58, should we get that far. The formal objective of the W-bottom is about 61, which I think we won't make, such failure taking us back down to the high 40's. I still see a lot of resistance/congestion in the low 50's carrying over from last year, as well as tax-loss selling ahead (from this year). Enjoy it while it's going up. In short, I'm looking to get out should a good opportunity arise. ChrisMeister

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