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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: ed doell who wrote (1743)	3/8/1998 7:46:00 PM
From: Jerry String	Respond to of 3347

<<IMHO, a well known money losing strategy is fighting the tape. Doesn't matter what the reasons or facts: if the price is going up, it's going up.>> Interesting theory, ed. If that's the case, I wonder why stocks that take on a momentum don't continue on forever. If Warren Buffett practiced your theory, he'd be destitute of means today. <<The chart's a "cup and handle," one of Mr. W. J. O'Neil's noted bullish formations.>> I don't know what's in your cup, but I'd lighten up on it a bit. <<BTW, if you want a strong stock, get rid of your sell stops because the MMs can see them and they'll use any excuse to dip to get them.>> Sell stops???? Are you talking to me by any chance????? You DO bring up some technical analysis points. And I think it's about the only thing worth discussing regarding FONX at this stage. There are really NO fundamental points to discuss.

To: ed doell who wrote (1743)	3/11/1998 8:10:00 PM
From: Randall E Westberg	Read Replies (1) \| Respond to of 3347

Hi Ed, I was looking over this cup and handle analysis and was confused in regard to this: The cup with handle pattern is commonly applied to the stock market although any market with daily volume data should theoretically work the same. The pattern gets its name from its appearance of a coffee cup with a handle on the right. <<After a rally,>> the stock settles into a downward correction pattern that usually lasts three to six months. This forms the left side and bottom of the cup. When prices start to rise again, volume increases until the old high is reached. This forms the right side of the cup. All the examples of "cup and handles" were for stocks that were on an upward trend. Fonix has been on a downward trend. So why does this "cup and handle" analysis apply to Fonix? Just a friendly question, Randy