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Technology Stocks : VeriSign (VRSN) -- Ignore unavailable to you. Want to Upgrade?


To: MSB who wrote (706)9/6/1999 12:42:00 PM
From: MSB  Read Replies (1) | Respond to of 1285
 
Taken from the Yahoo VRSN board:

This stock is cursed, for shorts
by:  aquain 3659 of 3672

Sorry about your investment. The gap up at open
today, with the low being the open, and the recent flag formation in the 94-114 zone, all point to a big VRSN breakout. Short term resistance at 112, 118, and 126. Sorry.


If the person (aquain) reads this post, I'd appreciate a reply on Yahoo to the following question:

Q. I can understand the 112 figure as a resistance point meerly because the high of the year thus far is 114 (post split). But what I don't understand is how you arrive at the idea of 118, and 126 being points of resistance when the stock has yet to even reach those points for highs (post split). Can you elaborate?

I know little about charting, but do understand a few of the basics and believe I can relate to the use of resistance points.

Mike

Somebody is bound to wonder why I just don't get a Yahoo account and post it directly. I've had two in the past and was unable to access either after establishing them for whatever reason even in spite of the fact that I never used them to post. Just isn't worth the hassle.