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


To: Ed Frye who wrote (7059)1/5/1998 2:29:00 PM
From: Ed Frye  Read Replies (1) | Respond to of 12559
 
NASDAQ = +7, down from high = +20. FORE began to give up price (16 3/4) and then some nice large block buys got us rolling again and we're back to 17. Very positive price/volume activity suggests something good re:FORE that we probably are unaware of. I'm thinking the quarterly # is good for 2nd consecutive quarter and investors see current price as good long term buying opportunity. As mentioned last Friday, virtually all short-term technical indicators are now saying buy. Now add one more. Many technical investors buy after price penetrates a significant low resistance point, such as the 30 WMA. FORE's 30 WMA = ~17................ed