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Technology Stocks : DSC Communications -- Ignore unavailable to you. Want to Upgrade?


To: Doug who wrote (3576)2/12/1998 12:42:00 PM
From: Toby Zidle  Read Replies (1) | Respond to of 4429
 
I've finally lost my patience with DIGI and sold out this morning at $18 1/2. The stock has traded below $19 only three previous times in the last 12 months. This time we're in a 5-month downtrend and if DIGI doesn't bounce off this level, the next support is $12-13. When the tech stocks have been strong in the past week or so, DIGI has barely budged. Today, when the techs are weak, DIGI drops quickly. NOT a good sign!

FWIW, the IBD gives DIGI a '19' Relative Strength and a 'D' Accumulation/Distribution rating. Also Suretrade's Weekly Second Opinion downgraded DIGI to 'Avoid' on 2/9 at $19 3/4.

At this point, the risk is outweighing potential reward. Contrarians will buy!



To: Doug who wrote (3576)2/12/1998 12:50:00 PM
From: Moe Damghani  Read Replies (1) | Respond to of 4429
 
Doug, I really don't follow ADCT and I still think that DIGI is a very
good buy at these levels. No one knows where the bottom is but once it gets there it'll come back fast and strong.