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Technology Stocks : Boca research - Reawakening? -- Ignore unavailable to you. Want to Upgrade?


To: JPhilipS who wrote (639)12/29/1999 4:36:00 PM
From: Jibacoa  Respond to of 640
 
<<<Folks on the Yahoo board keep saying we are on the verge of something big>>>

I don't know how big it will be. The volume has contracted on the way down. It seems it is going to test the support at the 6 1/4 to 6 3/8 level, which will probably hold.

Then it will have to deal with the Nov.26 H at 9 3/4 before it could test the May 199 H at 11 1/8. (At that time it had a good up-volume, but there was a good amount of profit-taking and it closed at 8 7/8.

If the stock can close above 11 it would have some room to run. The next large resistance is at the 19 level and if you remember the July 1995 H was 36 1/2.

I am watching, but not buying as yet.

Good luck to all.

Bernard