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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?


To: samim anbarcioglu who wrote (1789)6/16/2000 12:58:00 PM
From: hasan syed  Read Replies (1) | Respond to of 3951
 
Please note I prefaced my comments by *If you go by pure technicals* and indicated that that there is no guarantee this would occur.

I didn't mean to infer that that was indeed going to happen and if thats how it came across, I apologize. Technicals simply elude to probabilities and aren't exactly carved in stone by any means.

That said, I think some backing and filling is in order, we've had an excellent run and as shareholders we've all been rewareded handsomely. This is a great company but its technically overbought at this stage (several indicators are starting to confirm that). Longer term, patience will be very rewarding with this stock but I have liquidated my trading position as of yesterday's close at 291 15/16. I still hold some longterm as well and intend to for quite some time. Lastly, pls remember technical indicators are only part of an analysis. Hope this helps. Good luck.

Regards,
Hasan