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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Yiota who wrote (2572)	2/25/1998 7:44:00 PM
From: Leo Francis	Read Replies (2) \| Respond to of 4903

Giota, Regarding the accumalation/distribution indicator: The interpretation of the Accumulation/Distribution Line is similar to the interpretation of On Balance Volume wherein the indicator displays the flow of volume into or out of a security. The standard formula is: ((close-low)-(high-close)/(high-low)) X volume + Y, where Y is yesterdays' accumalation/distribution value. This indicator continues to signal Distribution. I don't know which chart you refer to, but I would check its accuracy. I was tempted today to close my remaining short position, but did not. If NSCP drops into the 18's, I think it will continue its downward bias. As I have said, a takeover is the stock's only short term chance. I'm now in the money up to 22 7/8. My remaining position though is pretty small. Good Trading, LF