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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (77841)	1/6/2000 12:19:00 AM
From: Mac	Read Replies (1) \| Respond to of 120523

KIDE: insiders buying.

To: Mac who wrote (77841)	1/6/2000 4:02:00 AM
From: Walkingshadow	Respond to of 120523

Mac--- I'm not sure what you see in the chart. askresearch.com Although the 10 day BBs have tightened slightly, this has presaged both up and down trends in this stock recently. OBV is neutral, and there is now a stochastic sell signal at 70, with MACD histograms trending negative as well. There are no clear buy signals in Price ROC or MFI either. Resistance at $4.50 was tested twice recently (unsuccessfully), and support at $3.50 was breached recently, and a new support at $2.50 established and successfully tested on 12/20 and 12/21. The stock now appears to be settling into a trading range between $2.50 and $3.25, which is lower than the previous trading range. Altogether, I see no technical indications to buy, and some indications to sell or at best hold. Of course, with earnings coming, things could change, but it seems to me the stock is one to watch only if you are not in. If I had a long position, I would set a stop at probably 2 1/8 or 2 1/4, since there appears to me more evidence that the stock will go down than up. As always, JMVHO...... Walkingshadow