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Strategies & Market Trends : Prosoft Software (POSO) -- Ignore unavailable to you. Want to Upgrade?

To: Milk who wrote (35)	5/27/1998 10:28:00 PM
From: Mike Medford	Respond to of 90

Hi Milk, Sorry for the delay responding, been busy busy. I have no idea what's up with this thing. Logic says the IBM deal should cause it to pop. Jerry sent me some info indicating there has been some insider selling recently. He's been in touch with the companies IR. You might email him at tortaboy@ix.netcom.com for more info. From a chart stand point 5 is the next key support. The recent sell off has been on declining volume which is promising and the momentum indicators appear to be bottoming. A break out buy opportunity is at 6.125. This stock is good at following through on break outs and a buy stop isn't a bad idea. Just need to be nimble about taking the profit before it all goes away. Best of luck, Mike