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Technology Stocks : IBS Interactive, Inc. (IBSX)

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To: U Up U Down who wrote (5)2/1/1999 11:10:00 AM
From: Mark Chamberlain   of 22
 
Not Many buyers,

The volume is drying up, short interest is 40,000, insiders wanting to take some profits I feel, no fact, I sold 3000 shares monday
and it took 1.5 hours to sell 100 at a time, the order was open
at the bid, had to change it 3 times to get it sold.

It seems to me that the 17.50 is a strong resistance and next big move is down not up. It is running out od steam. I think many investors are expecting a earnings surprise. est. are .00 for next earnings in FEB. If less than that look out it will fall fast with no buyers untill 14.00 range . If they make money then we could see
19.00 or more, we have to ask ourselves, risk the nice gain we seen or
wait till after earnings, any case the stock was sure hard to sell in the 17.50 to 17.25 range.
Mark
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