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Technology Stocks : Credence (CMOS): Anyone out there

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To: Malcolm Boyd who wrote (147)2/26/1997 5:29:00 PM
From: Malcolm Boyd   of 497
 
On the basis that most of the market retreated today CMOS didn't too badly. The sharp decrease in volume today coupled with the slight price decrease suggests that only a few sellers were encouraged out of their stock. On heavier volume, the stock could have retreated much further. At one point this morning it was crashing (23 7/8 to 22 in minutes) but even this didn't entice sellers into the market.
The bounce at 22 will hopefully hold in the future and the steady increase back to a respectable 22 1/2 by 22 3/4 by this afternoon was encouraging.
So, all in all, I'm pretty much encouraged by the day's events.
Tomorrow, let's bring back some accumulation:-)

Malky.


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