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Technology Stocks : Business Objects (BOBJ) - any followers??? -- Ignore unavailable to you. Want to Upgrade?

To: AF who wrote (1130)	2/4/2000 11:03:00 AM
From: Toby Zidle	Respond to of 1150

You're right. There is NO doubt! But at the same time, the whole Business Intelligence sector has been boiling hot for two months or more. BOBJ is now some 30 points above its 20-day exponential moving average, which typically has been a support when BOBJ has needed one. This invariably makes me think "overbought". I've moved up my mental stop to $101 for profit taking, since BOBJ could reasonably retrace $20 or so in a normal pullback. I'm NOT predicting doom for BOBJ. It's one of my top performers. And I'm not a day-trader. This just feels like a time when one might sell and buy back even more shares at a lower price. First, however, it has to drop to my mental stop. I hope it never does. (As I said, Business Intelligence has been a hot sector. COGN has gained as much as $12 5/16 today before backing down.)