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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (392)4/18/1998 11:25:00 PM
From: Scott H. Davis  Read Replies (1) | Respond to of 765
 
Rainier, agreed, saw the probable trendline resistance around 25. Not much advance Friday, baring either additional news or new/upwardly revised analyst coverage, I doubt EQNX will break thru the trendline. EQNX is already in an overbought state.
Remembing the recent, rapid runnup started around 18 7/8, breaking thru 25 with a qtr that was > estimates but < qtr4 97 does not seem likely. My hope is that EQNX will stabilize in the 22.5 - 23 area, which will provide a good foundation for further appreciation going into next qtr. Scott



To: HeyRainier who wrote (392)4/20/1998 10:43:00 PM
From: Rob S.  Read Replies (1) | Respond to of 765
 
I sold today at 24 1/2 because of a sell order I had entered a few days ago - it was set as a point where I considered the stock would be over-reaching. Now I am waiting for a pull-back.


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