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To: Jon Koplik who wrote (39858)9/5/1999 8:38:00 PM
From: investsformoney  Respond to of 152472
 
Jon Koplik,

This is an excellent point. We see a perfect confluence between the fundamentals and ta here. This is the goal of every trader whether he is daytrader/short term or long term.

It is clear that the underwriting institutions and company itself think that 157 ish is the fair value (in their eyes of course). This will of course be very strong support.

No wonder thats where the carnage stopped. One important factor here is the quiet period. What was the exact date of the spo (secondary public offering). From my knowledge the quiet period ends after 1 month of the offering. This is when the underwriting brokers will come out with the recommendations.