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

To: Steve Smith who wrote (263)10/30/1997 12:29:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 595
 
Hi Steve,

I've posted my thoughts regarding MLOG several posts back. I would be very hesitant to question Doug's TA. He has a nasty habit of being right an awful lot !! After the latest sell-off we may want to ask Doug for a TA update.

My personal opinion is that 12 by Dec is very ambitious but I'm hopeful that it will resume its upward course to 9 and beyond in the next 2 weeks. I think we need some indication in a quarterly report that they continue to receive orders for their newly productized software, before this stock will break 10. They're latest announcement looks very promising, since it's tough to resist a product which 'pays for itself". I'm very dissapointed by the response, but I think the selling volume is low and therefore a good sign.

Regards,
Chris



To: Steve Smith who wrote (263)10/30/1997 10:31:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 595
 
Steve, I would be very happy if MLOG does not decisively break 6 during the few days. If it holds, thenDoug's might be right. If it breaks, Doug'd own TA will tell him that we will see sub 5 before the end of the year. It is critical support holding time. And, the markets are going to be tough.

Zeev


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