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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?


To: Ghassan I. Ghandour who wrote (3148)6/29/1999 6:47:00 PM
From: ED_L  Read Replies (1) | Respond to of 5102
 
A lot of stocks will make 3 or 4 tries at breaking through an upper resistance level before finally penetrating it. Each time it nibbles away at the available float from weak hands that don't realize the opportunity they are throwing away. With such a long time having been spent below resistance it's probably going to take 3/4/5 tries before it finally goes through. This happened to me with CR Bard in the 70s when it tried about 5 times before dramatically busting the top and sailing to new highs. Patience is the key.