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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Mark Fowler who wrote (9843)11/30/2001 5:50:57 PM
From: techanalyst1  Read Replies (1) | Respond to of 57684
 
Telm is one of the few stocks in which the underlying technical indicators look like it's got upside. Lots of other stocks are in definate uptrends, but the underlying indicators are not as strong. The only thing is that stocks usually cannot go outside their bollinger bands and sustain the move. The top band is now under 7.40, but if the stock can recover next week, it should be able to expand nicely. Course it's gonna be short term overbought if it gets to the 8+ area.

Maybe it's the VCs still selling.

Lord knows it's not being sold off due to valuation.

TA