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Technology Stocks : NovAtel - Global Positioning Systems -- Ignore unavailable to you. Want to Upgrade?

To: swrdfsh who wrote (161)	5/17/1998 1:14:00 PM
From: David Rubin	Respond to of 191

From a TA perspective NGPSF is about as bad as you can get. 6 was the last level of support going all the way back to last August. When earnings were pre-announced the nice uptrend immediately turned into a downtrend and there is no bottom in sight. There are few buyers left. The idea behind TA is that the mass market for a stock is the best indicator of the state of a company. With all this selling it's hard not to believe that their troubles are far deeper than they let on. For years now they have been relying on the WAAS program, and growth in other areas has been non-existant. With WAAS revenues all but gone, NGPSF appears to be in deep trouble. I'm sure the Marconi deal is far more complicated than you think. Nobody is going to invest in a company without protecting themselves. The fact that the stock has been cut in half probably triggered some clause in the contract that we don't know about. Remember, a 50% drop in a stock requires a 100% gain to get it back. This stock needs a miracle to get back to $10. At this rate I won't be surprised to see $3 before $10. Unless they turn things around pronto, you could be holding a future penny stock. Good luck ... I hope I am wrong.