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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: steve olivier who wrote (2599)	2/11/1998 10:37:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 21143

Steve, a technical observation or two. I think the last time the decline would have intersected the long term trend line at about 1 1/2, but did not most likely because of OnCommand rumors. This time the intersection would probably be around 1 3/4. If it does not show any signs of getting there (we do not know yet), I would conclude that the recent trading would mean that there is good underlying investment demand for the stock from informed buyers, overlaid by a large bunch of speculators buying on the rumor and selling on the news (and the apparently disappointing results). IF this is the case, I would expect a continued tightening of the range, followed eventually by an explosion to the upside. If I am right, the idea of trading the range will become increasingly difficult to execute as the range shrinks, with an increasing risk of missing the train when it leaves the station.