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Technology Stocks : Trimble Navigation -- Ignore unavailable to you. Want to Upgrade?

To: Rubble who wrote (2241)	2/25/1998 11:48:00 PM
From: Angelo J Cici	Read Replies (1) \| Respond to of 3506

Automotive Navigation AHEAD of MICROSOFT! NEWS! orbital.com

To: Rubble who wrote (2241)	2/26/1998 7:31:00 AM
From: SirAlexx	Read Replies (1) \| Respond to of 3506

OK, "traders have been selling into the 21-22 resistance area", and 19 isn't likely to hold much longer. Glad you were "amused" at the technical analysis, but I disagree that there won't be support in the aforementioned areas, which will set up an excellent entry point for players who prefer the long side. Meanwhile stocks like ORBI and LOR are continuing higher, while TRMB waffles. Particularly troubling is that TRMB has started out with strength in the morning, and then weakens by the end of the day. I still believe the stock is heading lower, and disagree that "News" will be a catalyst of any significance; although negative news may become so. I am still of the opinion that the stock is looking for an excuse to head south, and that the stock is in the hands of the traders. And I am not negative on the company either, but you have to take an objective look at the lack of growth and wonder if perhaps the stock had gone as far as current fundamentals will allow. Absent anything major, what will stop profit takers from causing a selloff?