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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 (1269)	1/29/1998 12:07:00 AM
From: Brad Rogers	Read Replies (1) \| Respond to of 3748

Mark, 1. You obviously don't understand how to identify an uptrend and then determine whether it has been broken. Go back to the 1 year chart. The uptrend starts at 5 and goes to the dip to 11-12 in Dec 1997. Yes, it has been in a trading range for months now; but that doesn't matter. The uptrend has BEEN BROKEN: this means there is significantly higher risk in holding the stock (doesn't mean the thing will tank). This stock is not going to pop 2 points tomorrow (on TH). 2. Yeah, maybe I'm a BB jackass, an easy target. So, ignore me. But don't ignore the chart. Don't fight the tape. I see lots of people on this board not seeing clearly. 3. Don't fool yourself; this stock has been discovered. When I bought my shares at 6, there were only 30 or so SI posts. Now, we're well over 1,000 posts. Also, there has been a tremendous increase in average daily volume. 4. The stock is now in a downtrend (starting at the 16 level) and this downtrend must be broken for me to change my view on the stock. I'm considering a short position. 5. There are too many bulls on this thread. I'm the only bear. Consider that. BE CAREFUL............................ I project a test of the very long uptrend line at 9. I may reconsider going long at 9. A break below 9 would be terrible. Its OK to ignore me; but don't ignore the chart; don't rationalize away the recent selloff on above average volume when the rest of the nasdaq is soaring and breaking out. I've been down this road (being overly-optimistic) before and got too bullish for my own good.