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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: stockycd who wrote (2546)	6/22/1999 9:41:00 PM
From: advinfo	Read Replies (1) \| Respond to of 3541

There was large money exiting and from my read, most of the buying off the lows was smaller trades Hi Chris, That's an interesting read. I watched closely on Level II and the major MM's kept stepping in with size. I don't consider CR's downgrade to be a downgrade, pretty soft stuff. Downgrading over 1.8 mil being delayed and a price target of $15????? I bought a VECO downgrade similar to this one in the high 20's that I rode to the 50's. I sold IFCI early Monday and jumped back in today. I've been riding CIBC's coat tails on the bid. Take it easy, NS P.S. What are you following these days? You're a semi fan, check out LTXX. It flexed again today on strong volume.

To: stockycd who wrote (2546)	6/23/1999 1:35:00 AM
From: Chris Helton	Read Replies (1) \| Respond to of 3541

when you say, "the technical picture turned on a dime today" I wonder which school of technical analysis you went to. It is not abnormal for a stock that moves upward 50% in a short period of time ($6 to $9/sh) to retrace up to 50% of that move on a consolidation. A retracment of that magnitude would be $7.5/sh. the fact that it closed at $8.12/sh (resulting in only a 30% retracement) on large volume is in fact quite bullish. If it stays above $8/sh or $7.5/sh I would conclude that the stock is in an upward trend. As it approaches $9.50/sh we need to see strong volume and a breakout that takes the stock higher than that. It is extremely premature for you to conclude that the technicals have changed at this time. In my 25 year experience analyzing stocks and managing portfolios professionally, I have never seen such a conclusion made by an experienced investor.