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Technology Stocks : CNKT - Connect Inc.

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To: Herc who wrote (859)4/9/1999 11:40:00 AM
From: jackhach  Read Replies (1) of 953
 
I see resistance at the following (prior to today's trading):

$10.000
$8.625
$7.875
$7.063 < very strong!
$6.750
$6.375
$6.188
$5.000 < floor is very strong!

60+% of basis ownership is now in a range of $3.573 through $6.753 with the median purchase price point at $5.12. This is very encouraging for the stock. It basically means that the support is just behind the prevailing price and not ahead of it -- as it had been just a couple of days ago (and for awhile.) There is only modest resistance until we get to $7.063. Should it break through $7.063 -- LOOK OUT!

We will have to see. I'm in and expecting a stronger move to the upside before the close.

Not that anyone asked...

-JH
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