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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?


To: GuinnessGuy who wrote (2650)2/4/1998 6:25:00 PM
From: TEColeman  Read Replies (1) | Respond to of 3736
 
I'm not a TA expert, but looking at the 1 year chart would indicate that 40 has been run into many times over the year and appears to be the next resistance level.

Are we ready for another 30% run over the next week?

TEC



To: GuinnessGuy who wrote (2650)2/4/1998 6:51:00 PM
From: Dennis G.  Respond to of 3736
 
I bought back in today at just over 25. I would say that 34 will be the next sticking point, and 37-38 after that. But first we'll have to deal with some profit-taking Monday. I think this stock is still a screaming bargain.

Dennis



To: GuinnessGuy who wrote (2650)2/4/1998 6:57:00 PM
From: John Chalker  Read Replies (3) | Respond to of 3736
 
Craig, That's a great story but I'd like to find a solid reason for today's advance. Today's 6 1/2 point move smelled like heavy accumulation based upon a suspected takeover bid. If that is the case, then there should be NO pullback tomorrow as the word will spread among the MM community. On the other hand, if there is a meaningful pullback, we could assume that today represented very heavy buying by one or two funds. Personally, it is not normal behavior for a fund to chase a stock and bid it up, so I am thinking either serious takeover rumor or major short covering. Shorts will buy at any price when they want to cover. Let's watch tomorrow carefully.

Chalks