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Technology Stocks : LHSP: Lernout En Hauspie -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (2168)	5/11/2000 4:20:00 PM
From: cdtejuan	Respond to of 2467

hi jhq, my point is that as long as the gap was left open, i saw the last rise to the 110 as not substantial. gaps tend to be closed sooner or later, and i donït trust a rise that leaves a gap open. yesterdays trading day closed this gap and so i believe that lhsp is now free to move on. however, this volatile nasdaq may hurt lhsp too, and so i guess another retesting of the 85 support is possible in the short to midterm. but before lhsp may give a sign when it closes under the short term uptren line that added some support yesterday.. but the last months showed some inner strength as lhsp didnït loose that much compared to other stocks during the nasdaq bear market. in april i thought lhsp fromed an head and shoulders pattern, thatïs why i finally bailed. but the first sharp downtrend was broken 10 days ago and even though i see some volatile trading between a trading range of 83 and 120 i think with a neutral market lhsp would mid term break out of the 120ïs ... i canït figure what impact the stock split will have for the short term action. guess some people played this short term for taking a profit after earnings & split... i like the strong fundamentals and technolgy of this company. i think we have a real winner her and plan to hold this stock for some years. thatïs why i want to hold most of my lhsp long position regardless of short term weakness and possible downside. if the naz tanks to 2900 i think weïll even see the 60ïs support intraday, but at 60 iïll throw even more $$$ into the battle. anyway, good luck trading! juan clearstation.com