TECD - Tech Data Message Board

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Technology Stocks : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

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To: BBoron who wrote (96)	3/7/1997 8:14:00 PM
From: winston paris	of 584

Technically, TECD has broken down...it is forming a nice pennant/flag pattern that will move violently one way or the other...either a washout to 19.5 or straight up to test the old high, given the overall market stays neutral. I sense that they will at minimum meet low end earnings expectations, though this market hasn't been especially kind to "meeting expectations"...Personally, I'd like to see a downside washout and then a consolidation with the upside coming later. I'd like to load the boat up in the 19.5 to 20 area... Currently, TECD has diverged from IM...now either IM has to come down or TECD will go up to a comparable price to IM (IM at 24 means TECD is above 30!...or else IM will retest its IPO price once again). Winston

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