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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: Tom M who wrote (2055)	1/30/1998 4:23:00 PM
From: Mark Otto	Read Replies (2) \| Respond to of 2675

All, I gotta' be honest about this one...after being _very_ patient I sold out today. Looking at the chart, I think this stock will have difficulty breaking 10 in the near future. Secondary resistance at 13-14. From a macroeconomic perspective they really need some new products or a new "raison-d'etre" if anyone expects that top line to grow. For the current time, however, they are scaling back to match their revenue production so top line growth due to new products will still be stunted until the company's size matches its britches. I had high hopes...maybe in a year they'll get back on the up elevator... Cheers, Mark