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Technology Stocks : Enterprise Applications Integration: An Explosive Market

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To: fyi who wrote (16)12/11/1998 10:45:00 PM
From: MskiHntr  Read Replies (1) of 28
 
Good evening, fyi, and others. I had a tough time finding anyone who was following LVEL. Thankfully, fyi, you kept posting, whereas you old buddy "surfin" disappeared. I follow TA more than fundamentals, especially in the technology area because I really don't understand everything you folks say. I have read the posts on this thread from number 1 (thankfully there were few) but even after reading them I still don't know what you're talking about. But I do know a little TA and I think you have a potential winner on your hands.

I was just reviewing stocks, looking for patterns and I came across Level 8.
tscn.com

The stock appears to have finally based and is now rounding up. It is definitely under accumulation as you can see from the chart. And there appears to be a pretty regular seller waiting at 9. The stock has bumped off of 9 five or more times since the breakdown in the 2nd quarter. fyi pointed out that the stock is moving higher on lighter volume. That's because of the accumulation and, in light of the general market malaise in the last few days, the stock has performed beautifully. I think the stock is "sold out".

I think that once the seller at 9 is taken out, which looks like it will be sooner rather than later, there is going to be a very nice pop in LVEL.
I personally do not own any yet but on the breakout I will be participating.

I hope that all the DD you've done on this middleware stuff is on the money because if there's a good fundamental case to go along with the technical side those combined ingredients make for a good investment.

I look forward to your comments and I hope I can add a little to the vast knowledge you have of this company and its' market sector.

Best, Joe
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