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Strategies & Market Trends : Breakout Charts -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (286)	2/7/2000 10:32:00 PM
From: Jibacoa	Read Replies (1) \| Respond to of 421

TCSI: It did double today after breaking the January 24th,2000 H of 3.906 and the December 6,1999 of 4.25. It also traded above the April 1998 H (8.125) but was unable to close above it. The nearest resistance is now at today's intra-day H of 9, which was also the October 1997 H(That was the H for that year) The stock may be getting ready for a "run" like the one it had from June 1994(H 4)to June 1996 (H 29.75). The insiders hold 43%. The institutions 38% that is 67% of the float which is 12.9million. The current ratio is 7.98 (They have $1.54 cash/share) The big news today was that they will license some of their networking management technology to 3Com. We have to watch it closely since the stock did open on a big up-gap from Friday's close of 3 1/16 and up-gapped a second time today at 10.15AM (That second gap was closed at 2.40PM and the stock closed above that level with a volume of 24,539,200 for the day.