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

To: denni who wrote (7063)	1/5/1998 4:33:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 12559

denni the bull........ Well, the last hour was relatively quiet until the last 15 minutes. About 3:45 PM the trades turned to the bid side as daytraders exited, taking us down to 16 7/8, making it look like we wouldn't close above 17. But, it was only a headfake, as more than 100,000 shares crossed in the last few minutes, mostly on the ask side, causing the price to rally back to 17 1/16x17 3/16. Thus, positive close to another very positive day and a pick-up of 7/8. FORE's overall volume today was average. What we need now to really catch fire is an old fashioned 5 MM day. NASDAQ was all over the place today and and FORE rallied into a couple of market mini-sell-offs. This, combined with its close, provided a very robust performance. It ain't over yet but I'm starting to think about where to set my first limit sell price. I'm thinking it may take a few retreats from 19+ before breaking out. I'm also ready to move my sell stop up from 15.5 (breakeven on my last purchase). My next goal is to move it to just under the current 30 WMA, (~16 13/16), but it is still too soon. I have to wait for a close above 17.5. Need to be sure that the 30 WMA is support, rather than resistance. Meanwhile, however, 15.5 is too low. Friday's close, 16.25, or today's low, 16.5, make logical interim candidates. Maybe I'll split the difference and enter a 16 3/8 stop in the AM. Looking forward to the day I can set it @18.75 :). ........ed