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Technology Stocks : Teklogix International Inc. TSE:TKX
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To: Charles Broderick who wrote (192)6/4/1999 11:00:00 AM
From: Robert  Read Replies (1) of 274
 
I read about this company in the National Post today. It has had a remarkable run over the past 18 months. However, I like to look at the technicals as well as fundamentals. I can only say that the stock looks very vulnerable now, and is running into overhang supply from before the previous debacle. The run up to new highs has not been confirmed anywhere, and this usually spells trouble in the long term. It seems more likely to go down in the short term, although volume is weak, indicating caution as investors look for some direction. However, if it starts to move down from here, I would watch out for a significant sell off. Of course, fundamental changes in the company can overcome these problems, eg, new contracts etc.......Robert
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