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

To: Bob Martin who wrote (1969)	1/27/1998 2:45:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 7342

Bob, support and resistance are always a matter of opinion, of course. If you look at the chart, though, I think most would agree that there is support at 35 and 28. Draw a horizontal line at each of these values, and you will see what I am talking about. These are previous resistance levels, now support. I don't beleive that this stock is going to break below 35, but if it does, I do think that 28 would be likely. I think that the only time that fundamentals REALLY take over is when the stock sells for less than cash. Of course, you would have to be in a deep bear market for most stocks to get there, and we're not in a deep bear market.