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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: V. who wrote (1909)	4/22/1998 10:36:00 AM
From: V.	Read Replies (2) \| Respond to of 2319

Hi Y'All, Let's see if it can take out the resistance and close above 11. If the volume holds, (and it looks good so far today), we might be moving to the next level of support/resistance as I mentioned in the last post. I am more interested in seeing how GTIS fares in a weaker market; seeing it move up in an overall rally is not the confirmation I am looking for in order to reenter here at the 10 range, but if it can hold here on its own merits (in a wave of profit taking, for example), then I would be much more confident to initiate a trading position. Those long who are holding should not be worried right now. The convergence is marked here at the low 10 range, and this forebodes another break in the near future. I would assume that unless the market gives up too much of its recent gains that this break will be to the upside, but I still want to exercise some caution here. Those trading who can watch carefully can take a position at or around 10, but should take profits on any weakness (meaning any break below secondary support at 10 on reasonable downside volume). In the coming sessions, I would expect to see some profit taking for those doubling their money should it move into the low teen range - a typical phenomenon when a stock has languished and suddenly takes off as we see here. This would then provide a good entry point for those wishing to enter the stock, to buy into those taking profits, as it would not represent any technical nor fundamental weakness inherent to the stock. Just some random thoughts today, so please excuse the rambling. :) I am just really delighted for everyone who is finally making money or breaking even on their position. Any other TA types on the thread? Are you reading this the same way that I am? If not, please post! "The blind leading the blind" and all of that. <ggg> Best of luck, and aren't some of you who wanted to short this at 8 glad that you didn't?? Don't say that I never did nuthin for ya, ok? Tee hee hee xoxox, V.