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

To: jach who wrote (7035)	1/2/1998 2:22:00 PM
From: Ed Frye	Respond to of 12559

Thanks jach. That means today is a high risk warnings day. I'll keep my fingers crossed but, again, I'd be surpised Noel Lindsay would get blind-sided on FORE. I think his comments mean we meet/beat. Follow-up on FORE's OBV: 26 of last 42 trading days were "DOWN" days (daily close over close) yet the OBV has climbed by approximately 17 million shares. It's impressive that 16 Up days generated +17 million volume compared to 26 days. Had they generated the same volume it would have been impressive enough (===>33% greater). Thus, on an average daily basis, up days are averaging nearly 2 million more shares traded than down days during the last 42 trading days. Of course, if day traders are concentrated on up days it would account for some of this. I'll ckeck out the last time FORE was bullish divergent on OBV (if ever) and see what happened.......ed

To: jach who wrote (7035)	1/2/1998 2:33:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 12559

FORE bulls are staging another rally. Just topped 16 again while NASDAQ does nothing. Makes me think that first trading day of New Year is a profit-taking day for stocks with increases (holders get to defer taxes to '98 tax year). Reverse situation of FORE. Anyway, I checked FORE's OBV going back 3 years and could not find another instance of where it's price and OBV diverged. Good sign! Let's hope we can close above 16 today. It would be the confirming tall white candlestick we're looking for and I jumped the gun on :)..........ed