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Technology Stocks : Microlog(MLOG): Ready to Move?! -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (260)	10/30/1997 12:24:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 595

Chris it is a very large B-A, I think that most of the selling (so far) has been done but the buying is still very sparce. The stock is in danger of breaking 6, and then it could retarce all the way to the 4', unfortunately. I was not wise enough (in hindsight) to bail out on its run to 9, c'est la vie. I still like the company's fundamentals, but the technical better improve fast por I will have to abandon ship on this one. Unfortunately I see a ceiling for some time on the DOW at around 7600 give or take 50 points, and thus we are close to the top of the range. Not a very good omen. I wish I was a bearer of better news. Zeev