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Technology Stocks : CBSI-complete bus. solutions. new y2k play!
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To: kaydee who wrote (446)11/8/1998 10:53:00 AM
From: Ron Kline  Read Replies (1) of 506
 
If you look at the movements of CBSI lately it's really changed from a couple of months back. I was looking at the chart on SI and plotted the 50 day average. If you look in the last months the trading in the stock was very choppy often falling and closing below the moving average then racing up only to falter and return down. The movement now, although slower than the last race to $30, seems much more stable. It's holding right above the 50 day and anytime it gets to that average there is accumulation going on. Also Wed and Fri were fairly high volume days when it was going up. What I see as positive is that as we are creeping forward the chances of going back are much less this time. I'm only going on how I'm reading it so we shall see.
Also only a couple weeks back CBSI was at $20 so we have moved over 20%, not bad in percentage terms.
Ron
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