Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: James Petersen who wrote (10728)	5/7/1998 7:04:00 PM
From: Mark Finger	Respond to of 14631

>>They're slowly killing us at a quarter point a day. You look back >>after a week and say "what happened"? Go back to early February and look at the line there. It failed to close above 9, and settled in a 7-9 trading range. This time it failed to close much above 10 (high 10 1/16? close), and I expect support at either 8 or 7 1/2, and then it will trade in that range for the next two months (just like it did last time). I am long. My basis is between 10 and 25, and I know it will take time to recover. However, remember that an 8-10 trading range is about 12% above a 7-9 trading range. That is a pretty good quarterly return.