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

To: denni who wrote (7043)	1/2/1998 6:50:00 PM
From: Ed Frye	Respond to of 12559

NASDAQ gains of past 5 trading days have brought composite index back to its 30 WMA. Early DEC high is another 70 points up. Today was a fun day to own/watch FORE. Twice it sagged and twice it rebounded, setting new highs on higher volume each time, and taking out a significant resistance point in the process. Moreover, although it was a good day for the networking sector as a whole, FORE experienced the largest %gain by far. Prior to 2PM: There wasn't that much to get excited about. Small dip @open followed by small rise on modest volume. Between 2:00 and 2:10 PM: Nearly 60,000 shares traded, mostly on the buy side, as the price rose to 15 7/8. Between 2:15 and 2:45 PM: The bears made their last stand. Volume increased sharply as 300,000 shares traded. Prices ranged slightly higher moving back n' forth between 15 7/8 and 16 1/8. Try as they might, the bears could not break 15 7/8. Between 2:45 and 3:00 PM: Price dropped back momentarily to 15 1/2 as volume dried up. It was at this moment that I feared the worst: yet another stalled rally. Between 3:00 and 4:00 PM: Volume exploded again. Approximately 0.5 MM shares traded, including 0.25 MM in the last 15 minutes alone. It was in this final explosion of volume that the bears lost control and the bulls ran the price from 15 1/2 all the way up to 16 5/16, closing on its high! Nearly 1 MM shares traded after 2:00 PM! I'm ready for Monday AM right now! ..........ed