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Technology Stocks : Teligent -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (210)	11/4/1999 4:34:00 PM
From: The ChrisMeister	Read Replies (2) \| Respond to of 270

No, my attention has been elsewhere lately. Would have jumped on that 41 5/16 price last Friday if I'd seen it, but it was above 44 by the time I noticed. I see it made 51 3/4 today -- not bad, though it couldn't hold it and I still think the momentum is downward. This could be changing -- the Tuesday close of 42 11/16 was a lower price low on a higher RSI reading than the 46 close about a month ago. Such a divergence is usually bullish in the intermediate term (couple of weeks). So it's probably OK for those with the requisite risk tolerance, except that I see the general market rally of the last 2+ weeks kind of running out of steam. If we do go down on the averages, it'll be interesting to see how TGNT holds up. This stock is just naturally so volatile that I think you have to get a really extreme price to be safe. Right now I'm trading things that are a little better behaved. Have no idea where the long term is for TGNT, especially after Winstar's news of a couple of days ago. Is it revenues or earnings that matter? * ChrisMeister