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Technology Stocks : FORE Inc.

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To: Tavros who wrote (9964)	12/17/1998 11:10:00 AM
From: Ed Frye	Read Replies (1) of 12559

An upgrade combined with an upbeat GS report produced a nice 2 day 3 point move (low to high) on heavy volume (8+MM shares). Although I understand deductions based on option volume can not be conclusive, I don't think it was a coincidence that this purchase immediately preceded the release of the GS report. Did anyone check to see if the position was closed out yesterday? I haven't. Not surprisingly, yesterday's rally found resistance at the 30WMA (=150 dma). Recent highs @ 18.75 to 19 will be tested during the current consolidation phase. I agree with Briefing.com that a high volume break of resistance @30WMA would be a major step forward. The problem, however, is the good news is out. ed

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