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Technology Stocks : IBIS -- Ignore unavailable to you. Want to Upgrade?

To: eric lerner who wrote (264)6/28/2000 9:05:00 AM
From: ayahuasca  Respond to of 301
 
I think the stock will correct back to the mid-high 40's before moving too much higher. It has gone from 40 to 60 in a week. Looking at the charts, whenever IBIS gets this far above it's 20-day moving avg., it corrects before moving higher. If you see the volume dissapating that should signal the correction, however short-lived.

If the market is reasonably cooperative, I agree that IBIS should make it's way back to the 75 level this summer.



To: eric lerner who wrote (264)7/13/2000 1:02:30 PM
From: ayahuasca  Read Replies (2) | Respond to of 301
 
well here we are back in the 40's as I had anticipated. If it can hold 45, and it already bounced there today, it could continue it's uptrend back to the 75 level as you mentioned. If it doesnt hold 45 we are headed back to the low 30's, I am afraid. Which way it'll go I dont know. I am currently not in the stock, but I may re-enter here if it holds.


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