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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (16438)4/29/1999 9:48:00 AM
From: Trader X  Read Replies (2) of 17305
 
Perhaps you're right.

And in that case forget I said anything. Also, chart interpretations are always subject to a list of caveots -- if/then senarios.

If the stock bounces immediately above $20, then short term worries could be over. If the stock hovers around 19 to 20 for a few days without pushing up, that's a good sign that the end result is further down. The problem is, further down may be as low as $12, and the recovery could take a year or more... long time to tie up significant funds, especially in a bull market. So that's my report. Now, aren't you sorry you ever mentioned it? <g>

Tx
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