Netscape -- Giant Killer or Flash in the Pan? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RMP who wrote (4432)	11/9/1998 8:16:00 PM
From: Larry S.	Read Replies (1) of 4903

Clearstation came out with the following buy recommendation on NSCP: 'kensey' said: In on Netscape at 27 and change. Looking for the stock to get to 30 near term. Similar to Excite and Mindspring, a strong bounce today after shelfing in a narrow range of 22 5/8 and 25 5/8. 25 5/8 is now support after crossing over resistance at this price level here today. We also have a breach of the September high. The next line of interest is 29 5/8 - this line represents resistance in the May timeframe and was where the stock coagulated in the middle of August. I am discounting the spurt into the 40's in July as an anomaly (which is why the resistance line at 29 5/8 chops off the top of this spick). Since the stock has already started to move this position gets a 1/2 weight, which i usually do by default anyway when beginning operations on a new stock. jpshark has identified a reverse head and shoulders top and has a price target in the mid 30's - see his recommendation for details in the Discussion area at post number 196. The way I see mid 30's panning is a quick run-up to 30 followed by a pause for a few days followed by a breach of 29 5/8 followed by a run-up to 33. I'll sell if prices fail to hit 30 near term as this is a momentum play. I'll also sell if the stock looks to fall back into the 22 5/8 - 25 5/8 channel. kensey See the annotated graph of this recommendation at: clearstation.com +-+-+-+-+-+-+-+-+- Recommend emails are a powerful way to get investment tips as they happen from the ClearStation community. If you would like to UNSUBSCRIBE, go to clearstation.com Copyright (c) 1998. ClearStation, Inc. All rights reserved. ClearStation is neither an investment advisory service nor an investment advisor and does not purport to tell or suggest which securities Members should buy or sell for themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next