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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (5161)	3/19/1998 12:16:00 AM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 6297

1 3/4 is the lowest price, second time in a year, breaking the $2 level. At $2, it gave the "double bottom" sell signal. Looks like the sale started and is continuing. Time to accumulate and hope the company will move aggressively on their schedule to deliver the products within a reasonable time frame. If they can not stay on schedule, what is distracting them? The first round of hiring brought VP's. Now VP's are hiring their staff to design, manufacture, and sell. Looks like their business plan is moving along. Two weeks ago, the chart indicated a price target of $12.75 during a strong uptrend. If history repeats itself, now it is looking for a short spike to $6 after dipping to 1 3/4. History repeating itself? Who knows? Ram