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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (27723)8/24/2000 3:50:45 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 68378
 
13:36 ET Digital Lightwave (DIGL) 97 15/16 -6 5/8 (-6.3%): Announces that company's majority stockholder and founder, Dr. Bryan Zwan, has resigned as a director.

15:25 ET Amtech Systems, Inc. (ASYS) 16 3/16 +3 5/8 (+29%): Recent highflier on the move again, being pushed in sympathy with HEI, Inc (HEII). ASYS has now more than tripled since Aug. 16th when company announced entry into the optical component market.... Today, stock has run into resistance at $16 1/4 level. Advance through this area could set up stock for move to $17 13/16 one-year high.

14:59 ET HEI, Inc. (HEII) 24 1/8 +9 3/8 (+63.5%): -- Update -- Surges to the top of the percentage gainers list, in the process taking out $22 1/8 one-year high. Traders locking onto stock's small float (3.1 mln) and modest market-cap ($113 mln) following announcement of order for fiber optic devices (see 12:04 comment).... New high $24 7/8; volume 1.4 mln; intraday support $22 1/

12:04 ET HEI, Inc. (HEII) 19 +4 1/4 (+28.8%): Received first production order for performing alignment of fiber optic devices. Order from a major multinational customer begins immediately and should exceed $3 mln over the next several quarters. Fiber alignment is a key operations in production of fiber optic assemblies used in high-speed internet routing and data communications