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Technology Stocks : C-CUBE - For Technical and Option Investors -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (103)2/19/1998 8:06:00 PM
From: HOSEMAN  Read Replies (1) | Respond to of 128
 
Terry

I use candlesticks and OBV is not one of the technical indicators used. I believe that OBV does have validity in certain issues. With the heavy short position in this issue, it probably has greater validity than normal.

On the candlestick chart, we are positive. My updated guess is that we get through this option expiration and move higher. I have turned, however, cautious on the market. I'm lookin for a push to near 25 and sell calls against my position. In the absence of news from the company, my technical look for a upward bias in a back and fill mode.

HOSEMAN