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Biotech / Medical : Summit Technology (BEAM)

BEAM 21.43

-2.7%

10:46 AM EST

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To: WHL who wrote (1053)	11/1/1998 8:28:00 PM
From: Dnorman	Read Replies (2) of 1386

Can you help me to understand overhead resistance on the following stock? AIRM has a resistance of 5 3/8 as of June 1998 this line is connected from a high of around 15 back in late 1993. The current price is 3 9/16 and the stock traded 42.5% of total outstanding shares in September and 35 % in October. Is it reasonable to assume that the resistance is very weak since such a high % of the total shares have changed hands recently? Dennis

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