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Technology Stocks : International Rectifier (IRF) -- Ignore unavailable to you. Want to Upgrade?


To: AL Benz who wrote (885)12/30/1997 4:17:00 PM
From: Dr. Perry Lucero  Read Replies (2) | Respond to of 1712
 
i have to cement a bridge to replace a tooth for our beloved cfo in a
couple of weeks. if they hose us again i will put a drop or two of
hydroflouric acid in the cement. then we will see how jocular they act
during the conference call. we are seriously due.



To: AL Benz who wrote (885)1/13/1998 12:55:00 PM
From: DanZ  Read Replies (1) | Respond to of 1712
 
Hi Al,

I'm just watching IRF for now, still haven't bought any. The stock broke below support on the weekly chart (11 1/2) and is barely hanging on to support on the daily chart (10 1/2). If it closes below 10 1/2, then I think there is risk down to 9 or 9 1/2 where it would be a very good buy. A bullish divergence is developing on both the daily and weekly charts because the stock has broken down while the relative strength is improving. A short term trading opportunity would be confirmed by a close over 11 1/8 with upside potential to 12 1/4 or 12 1/2 where I see resistance coming into the stock.

Best of luck to you and all,

Dan