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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?


To: ed doell who wrote (2680)3/2/2000 12:50:00 AM
From: Dan B.  Respond to of 3347
 
Hi Tom,

Re: "I'd be the first to agree that TA of a BB stock is not to be trusted"

I'd add to your analysis that a simple look at a long term chart shows the trading volume hit levels previously unknown in the stocks history, starting in early '99, and escalating steadily throughout the year. Now, in 2000, volume has achieved significantly higher levels than at any time in '99. Much more so than the price chart for '99, the volume chart begins to look parabolic. I think this might be indicative of a growing perception of a positive underlying potential in FONX shares/technology- and a good sign that recent price moves upward toward the old levels of 8-10 bucks are likely to be upheld- and then some, in the future. Oh yeah, I own some FONX. JMO.

Dan B