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

To: Randall E Westberg who wrote (1767)	3/11/1998 11:34:00 PM
From: ed doell	Read Replies (1) \| Respond to of 3347

IMHO it has bottomed out (2x or 3x) and is on an upward trend. Perhaps it is another bullish formation: a saucer! But TA of these kind of stocks makes for amusing discussion but nothing to hang serious trading on. BTW, it looks to me like the MMs went and plucked 1500 shares from somebody's sell stop today (at 5 3/8), just like I said they would. I'd like to say what I said the other day: Fonix shareholders: please do not place sell stop orders if you are bullish on the stock! The Naz is a transparent market: the MMs see all orders, regardless of price point. If a sell stop order is in place they will find an excuse to go pluck those shares. Oh well, at least the recent gap got covered quickly and reasonable support was shown at 5 1/2. Best wishes, Ed