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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jach who wrote (6995)	12/28/1997 3:43:00 PM
From: Paul A	Read Replies (1) \| Respond to of 12559

My assumption is the immediate problem has to do with the troubles in Japan. Forget earnings warnings or rumors of takeovers.. Nothing is more directly to blame than Japan. My stop loss is set at $13 1/4... FORE has a reputation for taking wide swings, so this is stretching it as far as I can. I heard a very negative commentary on 10/10 wins in NY regarding ATM- but at this point im assuming nobody is really paying much attention to these opinions since its all old news anyhow, and probably wont make a bit of difference on Monday. The rumor mill WAS in fact working in PA. last week.. Someone mentioned earlier that they lived in PA and doubted there was any truth to it.. I guess you missed it.. AS you can see, even THAT did nothing to help our sinking ship. Should be a real interesting week. We closed at 13 7/8 on Friday which is mind blowing. It is now in the hands of the management at FORE to do some PR. I really wonder why tech companies are just sitting on their hands and watching this blood bath? Is it possible that earnings will be impacted worst then even the most bearish anal-ysts predict? I find most of this too hard to believe but the stock prices are certainly saying im wrong. If my stop triggers this week ill be blown away. This stock should be trading in the $15-20 arena. Nothing is more frustrating than trying to decide wether or not it is a sector problem or a company problem. FORE at $16 by end of Dec. If not- move on because this sector will be out of favor for a LONG time.