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 : Keane The leading y2k service provider
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: vestor who wrote (1078)4/1/1999 9:29:00 PM
From: Brian Malloy  Read Replies (1) of 1316
 
It may sound unbelievable but quite frankly since we are under $20 the final support level is actually $13-$14. I would consider it very very unlikely for KEA to close below that level. I don't think -I would hope that we would not reach that unless it is during a general market decline in mid to late April.

Be aware that trading is nothing short of nasty with KEA. There was a lot of tax selling at the end of the year. One would think that the overhead supply was exhaused. As we all know stock ran up to the $40-$42 level in Jan and it has been down ever since. One would think with the end of the quarter on 31 MAR that the funds which held KEA would already be out of their positions. If anything one would have expected a bounce up even if only a dead cat bounce today - instead it dropped through $20 in rather convincing style.

For those looking at putting on a partial position, Monday should provide an opportunity. If the first trading day after Easter holds true to form we should hit at least $18 and change. I'm still going to sit tight for $17.50 and pick up a 25% position at that level. Still don't know if I will get the stock or options at this point.

All should beware of trying to catch a falling knife.

Regards
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