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


To: deanmkenley who wrote (1900)11/28/1999 9:40:00 PM
From: big run  Read Replies (1) | Respond to of 2263
 
"Let the Trend be your Friend"

I agree entirely...but the trend in ADSP has been down since 96 except for the brief interruption on Friday.

If we look at this technically the volume says blowoff. If the company has been transformed into something else other than the dog it's been it hasn't hit the newswires yet...just looking at their revenue stream over the past few years they're headed for chapter 9 sooner than later.

I also imagine the dollar inflows into the market are about topping off right now and a minor correction could start anytime. Regardless of what the indexes say there's more stocks down for the year than up right now. Kinda scary, eh?

Mike