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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: winston paris who wrote (100)	3/8/1997 2:42:00 AM
From: BBoron	of 584

Winston, yeah TECD has technically broken down.....3 months ago! How can you see the ascending triangle with the daily lows decreasing in the previous weeks as being technically broken down? As far as comparing TECD to IM, it can't be done.....when you are dealing with IPO's, that is a whole different ballgame even if the company is in the same industry. There are variables of IPO's that aren't found in the everyday price of a stock. For instance, there are the discounts that insiders receive for buying shares of the IPO; however, a string is attached that may mandate the insider to buy a certain number of extra shares at market price once it opens for trading. Then there is the period that insiders must wait before they can sell. Kinda like apples and oranges if you ask me. Hopefully, earnings will be solid to propel the next uptrend as that will be the ultimate driving force. Brian

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