Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: John_W who wrote (8091)	11/21/1997 12:46:00 AM
From: Instock	Read Replies (1) \| Respond to of 79449

John: INFU is VERY over bought. It is thinly traded. When it drops, it will drop fast. No brokerage recommendations, bad earnings, lots of debt, several investment sights call it a sell. INNOVEST, bby Dow Jones News retrival calls it a sell INNOVEST INFU-TECH INC. (INFU) CLOSING PRICE ON 11/19/97 - 5 3/8 TECHNICAL OPINION - FIRMLY BEARISH THE INNOVEST RATING IS TO SELL THERE ARE FIRM TENDENCIES FOR A NEAR-TERM PRICE DECLINE. INITIAL DOWNSIDE SUPPORT CAN BE EXPECTED AT 3 33/64, NEAR THE 50-DAY PRICE AVERAGE. UPSIDE PROJECTIONS FOR OVERBOUGHT ARE 4 3/8 TO 4 43/64. ----------------------------------------------------------- We might see $4.00 to $4.50 very fast and soon! Scott

To: John_W who wrote (8091)	11/21/1997 12:52:00 AM
From: Instock	Respond to of 79449

John: Look at the INFU chart. It is over bought. The Indicaters are pegged. We all know that No stock goes up or down forever. INFU is about to drop at least 20% DayTraders are talking about shorting INFU as well. Profit taking will hit as well as short selling. IMO Scott