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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: Michael Berkel who wrote (788)	3/31/1998 5:59:00 PM
From: jabbo	Read Replies (2) \| Respond to of 3990

I will try... Usually when stocks spike the way CYCH did a couple of weeks ago, they usually fall prey to profit taking from those who previously bought near that high (see the previous spike towards US$22.00 in cych). It is important that on the correction, they hold above the support, in this case US$15.00 and start trading in the range near the top of what should become new support, in this case US$16.00. As long as we trade within this range it is good. It has not scared off buyers who grow impatient and worry that they may loose the opportunity again (why wait until it drops a couple points more, might as well buy now in case this babe explodes... You will also note a double bottom at US$10.00 and a positive crossing of the 70/21 day mvg avg which has worked maravillas for me over the last four years.