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Strategies & Market Trends : Three Amigos Stock Thread

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To: Prof who wrote (9923)	10/28/1998 8:25:00 PM
From: Ken W	Read Replies (1) of 29382

Prof, I agree with you on FILE. I'll hold it till Fri. then see where we are. The thing has just made too much move too fast to survive the Fri. profit taking. (I hope) :-) SQNT closed yesterday at 9 closed today at 9 1/8 range was 8 1/2 to 9 1/2 so the highest up from previous close was 1/2, which it did not hold. Volume is nearly even so buying and selling is just a tad toward the buy side. Not like the thing took off and ran to 15 or something. Look at the FA on the stock. It will win out. BTW if I were to short the stock it would be below 8....the last support level for a long time. 9 is a present support which it will break eventually, but still too far away from the cellar. Ken

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