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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?


To: Van Nguyen who wrote (1703)5/5/1998 9:35:00 PM
From: William Harvey  Read Replies (1) | Respond to of 3203
 
VN,

You're very close. It's got to hit $49 1/4 to fill a gap created between Friday's high and Monday's low. If you gap up, the volume has to also and it didn't. Go back to 4/20 and the same thing happened: This time the gap was at $30. Went all the way up to $49 before making a u-turn and filling at $30 (actually $22 1/4). Strong mojo at work here. Maybe it's time to turn to AMEN or ITGR :-)

Don't fight the tape.

WH



To: Van Nguyen who wrote (1703)5/5/1998 9:41:00 PM
From: Mike M  Read Replies (1) | Respond to of 3203
 
Van Nguyen-

<I agree with your analysis; however, I think that the dead cat bouncing would be at 50 rather than 57>>

C'mon....You don't really believe that do you? This stock "should" not go any higher....That I will grant you....But we are not going to see that collapse you are predicting...."20 within the week"...Not a chance! Maybe, in June...My guess is we'll have one more run to new highs....Ridiculous, yes,,,but that is far more likely than "20 within the week".....

Mike