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Technology Stocks : MTIC - Is this the next EMC? -- Ignore unavailable to you. Want to Upgrade?


To: Mark T. Heath who wrote (1235)1/28/1998 3:39:00 PM
From: marion salerni  Read Replies (1) | Respond to of 3748
 
Mark, beleive me, I know this guy. He lost all of his money last year in hi-techs. He knows nothing about technical analysis. He's just angry and jealous that others can do well in the market. Please, please, pay him no mind. He has no position (long or short). If he was so sure of MTIC going to single digits, he'd short the stock.

Besides, he never bought this stock at $6 on his own. A friend of mine told him about the stock. Actually, I told him about MTIC when I heard it from my friend. I'm in at 5 1/2. Wouldn't sell for anything (well maybe if Brad gave me $20).



To: Mark T. Heath who wrote (1235)1/28/1998 4:34:00 PM
From: Brad Rogers  Read Replies (2) | Respond to of 3748
 
Mark, you have no idea what you are talking about.

I just looked at the 1 year chart.

There is an uptrend line starting at 5 (July 1997); then a higher low at 12 1/2 (nov 199.

So, connect the dots; make a line and you have an uptrend line. The line WAS BROKEN at around 13-14 in Dec 1997. All bets are off after that.

Now there is a longer uptrend line; starting at 2-3 in Oct 96; going to 5 in july 1997; and now lies at 9. So, I would say we could well test this 9 area.

WATCH OUT. There is 3-4 points downside risk right now! Sell now; ask questions later. THis stock is broken.