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Technology Stocks : FatBrain.com (FATB) Is your head big enough??

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To: Jeffrey Boggis who wrote (64)4/11/1999 1:42:00 PM
From: Elwood P. Dowd  Read Replies (1) of 101
 
Here is the segment on FATB from TSC
by: nozers
2943 of 2943
<<Gary,

At what point can you spot a true breakout to the upside vs.
simple volatility such as "breaking news"? Computer Literacy changed its name last
week to Fatbrain.com(FATB:Nasdaq). The shares, trading at 16, took off to an all-time
high of 31 on huge volume! The problem for long-term investors is that it settled back
down to around 20 in a matter of days. What would be a theory on making trading gains
at an opportunistic moment for someone who is interested in being a long-term holder? I
am frozen by the prospect of selling at, say, 28, and watching the stock run and
consolidate at 35. Can you suggest a methodology based on a review of the chart
history?>>

Then the guy Gary shows him a chart on FATB explaining where he thinks the breakout
point was. Lemme see if this link will work for you all:

thestreet.com

nozers

Posted: 04/11/99, 1:11PM EDT as a reply to: Msg 2942 by WILD_STILL


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