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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT) -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (737)	8/20/1999 6:57:00 PM
From: Nelson Chang	Read Replies (1) \| Respond to of 1794

There are only several days trading on RHAT, so intraday charts are necessary for analysis - which is limited given its an IPO. The range is $60-75 and we are smack in the middle. Volume is drying up, as can be expected if you are comparing it to the 1st days of the IPO and since volume is drying up in the market overall going into the Fed meeting. "IF" I had no position in this stock at the moment, based purely on TA, I would not be inclined to take a position. I would wait till we are out of this trading range and volume again picks up. I've also watched level 2 every trading day since RHAT has gone public, and there isn't a convincing move in one direction or the other yet. I don't expect to be talking to you again, "ynot", the reason being obvious so have a nice life. As far as your statements being "provocative", I'm sure you have a lot of support there. >>>nelson, your statement is very misleading, mine provocative i'll ask the question again, on what technical basis or merits do you claim that RHAT is neutral? ynot ;)<<<