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Technology Stocks : First Virtual Holdings (FVHI): Internet bottom fishing? -- Ignore unavailable to you. Want to Upgrade?


To: Jonathan Brown who wrote (11)3/28/1998 9:18:00 PM
From: J.Claudio  Read Replies (1) | Respond to of 87
 
Jonathan congrats, this is what I would be looking for in the next week or two. Stock IMO bottomed in March and with only two trading days left in this month, I would expect this up move to start very soon. Look at the daily chart and notice the last week of trading, the day we hit .62 was the bottom,,,notice the subtle upmove the remainder of the week,,,this is our new uptrend in its infancy. Keep in mind that I think this stock is bouncing, given the fact that it has gone from $5.0 to .062 in five months without even a bounce. Lets see what we can find out about the fundamentals to see whether this is a true turnaround or not. If not, we could still see at least a double if not more in the short term before it heads lower again. Unfortunately when chart reading you can't tell this until more of the trend develops.

Good luck to all.

J.Claudio

p.s. Won't be around next two days.