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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: Larry Kagan who wrote (13072)	4/24/2002 4:57:08 PM
From: richard badauskas	Read Replies (1) \| Respond to of 13157

I don't think that any press release will help at this stage. The technical picture on all of the interactive stocks looks awful. Most are hitting new lows. Look at OPTV, LBRT, L, GMST,. The Dow has dropped below its 90 day moving average and the NASDAQ also looks technically terrible. Barchart.com rates NASDAQ a 96% sell and the Dow a 56% sell. We are a few points away from the yearly low here and a simple projection from a break below the previous low could send NASDAQ down to 1450. No-one knows if this will actually happen BUT you can draw a projection based on the movements between 1700 and 1950. One can certainly make out a case that many of the techs are still richly valued. Such a move to 1450 would wash this out. IF this were to occur then IATV would probably take another mauling, say to between .50-.75 cents. Again drawing a "rough" projection from its recent trading. To counter this is the strong support that exists around $1.25 BUT IF the market took a dive the MM's would be diving for cover. All of this is mere "speculation" so you can make your own guess. IMHO the current is so bearish at this moment that sitting on the sideline watching all of this is a very safe place to be.