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Technology Stocks : NHC COMMUNICATIONS (TSE:NHC) acquiring THE FIBER COMPANY -- Ignore unavailable to you. Want to Upgrade?


To: cleto who wrote (466)9/5/2000 4:27:38 PM
From: TheSlowLane  Read Replies (1) | Respond to of 856
 
Wow.



To: cleto who wrote (466)9/5/2000 7:02:08 PM
From: Lalit Jain  Read Replies (1) | Respond to of 856
 
cleto,

If this is just the start then I can hardly wait. You are right on the volume. Strong upward movement with increasing volumes is extremely bullish. What I really like technically, is that the price retreated by 2/3rds of the gain by mid-day only to bounce back towards the close. This kind of price action is very bullish.

Remember, there is very little float out there. People who sell should not expect to buy back their shares soon.

Cheers,, Lalit Jain