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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?

To: feltburner who wrote (1869)	1/4/1998 10:02:00 AM
From: tech	Read Replies (1) \| Respond to of 3391

>> you did hit it dead on when you said the mkt. makers (and/or large shareholders) would not let the stock stay below $4 bid. << BINGO... Unfortunately, it is reasons like this that you can just rely on technicals alone. There are certain conditions and events that the charts can not see. This is one of the main reasons I waited until the last week in Dec. to add to my positions. There was no way and is no way that the big money players, MM's, or large shareholders would allow the stock price to stay under $4.00 with the pending NASDAQ listing. It was pretty obvious the MM's would play a game of "how low will you sell" due to the end of year tax selling. Now that they have gotten all the cheap shares, they will start to support the stock again and move it higher. However, the most important thing is still contracts. technically, it is pretty easy to call it from here. The upper bollinger is at 6 31/32 The Lower bollinger is at 3 3/8 The 9day, 28day, and 49day moving avgs. are: 9day = 4 3/8 28day = 5 21/32 49day = 6 5/16 resistance is at $5.00 we break through $5.00 the next stop would be the 28day avg, if we break through that then we should easily hit $6.00 From there the next resistance would be at the 49day avg. I currently have a mild buy signal based on the following: ========================================================== The rate of change of the average price. The rate of change is positive and continuing to climb which indicates increasing strength. The 21 day stochastic has crossed the 20% line and is increasing accompanied by increasing volume accumulation. (this is usually a good indicator of a price reversal to the upside ) The Money Flow RS Indicator has crossed the 20% line and is moving to the upside. This is bullish reversal indicating that money is now flowing into stock. ================================================================= The technicals are starting to line up and all we need for a strong buy signal is to break through $5.00. I also feel that we are on the verge of seeing the flood gates slowly open up and all the companies who were budgeting Q2 to Q4 of 1997, start spending in Q1 and Q2 of this year. ConSyGen has a very low burn rate and it wouldn't take too many contracts to make this company a buy based on fundamentals as well as technicals.