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To: seth thomas who wrote (5762)3/2/1998 4:53:00 PM
From: Rob C.  Respond to of 19080
 
Steve,

IMO The downside risk is right where we are....if we break the 24 territory, we could go much lower and test the 18 number.. BUT I feel the long term trend is to go higher. I see the short term trend reversing.

Regards,

Rob



To: seth thomas who wrote (5762)3/2/1998 4:59:00 PM
From: DRRISK  Read Replies (2) | Respond to of 19080
 
Have been watching closely since I got out of large position at 26. I do not like the way the stock has traded, I bought 10K a few days ago and sold on selectnet at end of day after close at loss of over $3500. Wanted to get back in today at 24 1/8, but no fill. I am queezy about the fact that it broke 24 1/2 resistence and traded so poorly today. If no reversal tomorrow this does not bode well. I am out completely for now and wish I had not bought on the Lower bollinger bounce theory (my mistake). Gave back some of the option expiration profit. This stock is acting sickly right now. I wonder why techmaster is so bullish?

DrRisk I am feeling sick again with the Asian contagion, Techs are showing signs of new infection IMO



To: seth thomas who wrote (5762)3/2/1998 5:17:00 PM
From: DanZ  Read Replies (1) | Respond to of 19080
 
Steven,

I am basing the downside risk on where the lower daily bollinger band is, and presently it is near 21 and rising.

Resistance is a price that resists upward movement, and yes, I think 24 1/2 will be resistance. It would be bullish if the stock trades over that.

Here's my plan.

1. Buy near the lower bollinger band, especially if it is still sloping up when the stock gets there.

2. Buy on the way up if the stock trades through resistance at 24 1/2.

3. If neither of these occur, I will sit on the sidelines.