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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (764)	4/3/2003 6:40:57 PM
From: StockDung	Read Replies (1) \| Respond to of 838

FORBES LIKE ASKJ? WHERE DOES IT SAY THAT? To:TheTruthseeker who wrote (762) From: rrufff Thursday, Apr 3, 2003 6:39 PM View Replies (1) \| Respond to of 765 Even Forbes likes the Butler. Oh well, I have to be satisfied with my 8 bagger. From The Chart Room Ask Jeeves' Second Wind Ben Berentson, 04.03.03, 2:00 PM ET NEW YORK - Ask Jeeves, which has been on a tear since late last year, may be entering a new upswing. In technical terms, this is called a breakout, and the evidence is Ask Jeeves' one-dollar jump April 2 to close at $8 per share. That move is a strong buy signal, according to Tim Truebenbach, president of True Capital Partners and a columnist for the technical analysis Web site TradingMarkets.com. Ask Jeeves (nasdaq: ASKJ - news - people ) is a popular, plain-language Internet search engine used by more than 12 million users each month. Truebenbach thinks Ask Jeeves could go up to $15 within a year and to nearly $10 within a week. Why? "The stock formed a little mini-base," says Truebenbach. "The volume had been getting lighter and lighter, and then it broke out on very heavy volume and made a 52-week high. This is important to me because it means that there's not a lot of selling pressure because most of the holders of the stock are profitable." The stock has also been steadily climbing along its 50-day moving average (blue line). It has used that line for support. Truebenbach also notes that the company recently reported its first-ever profitable/cash-flow positive quarter. His advice? Put in a stop at around $7.l0 and watch for declines on heavy volume. These can be a sign that the stock is reversing.