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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (1968)	1/27/1998 1:39:00 PM
From: Bob Martin	Read Replies (1) \| Respond to of 7342

> Bob, I see support at 45. I would agree with Chip only if the stock > breaks 45. > It is trading below both the 50 and 200-day moving averages, and so > it is in a downtrend. Then you're misguided, too, if you think it could go down to $28. I understand that you say it's in a downtrend, but how would you explain it going to $28. (I get the $28 figure from CHIP's post that I originally responded to). At some point, the fundamentals overrule TA, and too many buyers come in to snap up shares, preventing a further drop in price. For TLAB, this point occurs long before it would drop to $28. Bob