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Technology Stocks : Source Media SRCM

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To: Sword who wrote (1470)	10/30/1998 10:22:00 PM
From: GR	Read Replies (2) of 3015

I'd be very careful in shorting.Reasons 1)nasdaq is in an overall bullish mood,although one can argue that it's tapering.SRCM has never got to oversold stoichastic's yet;moreover the last 3 days have seen higher lows and higher highs.DMI (directional movement)is still trending strongly positive.It gapped up at the open today but did not follow through.As i said before this stock has a technical uptrend pattern associated with accumulation.Some positive pending news would not surprise me.BTW i do not have a position in this stock at the moment.

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