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Technology Stocks : Visual Data (VDAT)

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To: DavidCG who wrote (264)4/15/1999 1:07:00 AM
From: Milkylicker  Read Replies (1) of 405
 
DavidCG --

I think the stock comes in a little more. Remember - we won't move up until we stop going down, which makes the base move that much more important.

Looking at the charts, I'm guessing support is 22-25, without any news......

I'm a little worried that the close was so weak, maybe because of the rush to get out, but also because there wasn't as much short covering as I would like to see. But then again, that might play in our favor tomorrow. I do know for a fact that some position traders were beginning to load the boat today - not big, because there will probably be another opportunity to go long tomorrow.

This was a panic - lots of blood. My internal 'comfort meter' blew a gasket - and that is my signal to buy more.

Later,

Milkster
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