SI
SI
discoversearch

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 : FORE Inc.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jas cooper who wrote (11349)3/29/1999 6:43:00 PM
From: Jorj X Mckie  Read Replies (2) of 12559
 
Jas,
I am holding FORE call options. From a point & figure TA perspective, FORE has support at $16.5 and resistance at $19.5. My guess is that FORE will gyrate in the $17/$18 area until a deal is announced or whatever talks are in process (assumed) fail. I think we will see the indication that talks have failed if the stock hits $16. I have stops set up at that correspond to this price. If we hit $20, I would consider that further confirmation that the deal is proceeding.

The price activities over the past week or two haven't been particularly telling technically. If the assumed talks fall through, I would expect to see FORE fall to approximately $14.

Of course, this is all voodoo anyway, especially when there are such strong rumors of acquisition. (in other words, take it with a grain of salt).
JXM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News