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To: Alias Shrugged who wrote (510)5/30/1998 11:47:00 AM
From: Thean  Read Replies (2) | Respond to of 14427
 
Mike,
Regarding the short term possible price movement of GTW -

As with all box makers and component makers, GTW is in short term oversold (long stochastics). However, since the next two weeks is the confession period, their upside potential will be somewhat limited unless something positive can develop for the company like a buyout or merger or something like that. They have all been surfing the lower BB lower as of late but GTW is trying to stabilize here. A further broad base weakness in techs next week (expected) may make the surfing lower BB trend continue.

The near term support is at $43 1/2. A close below this will signal further downward spiral to come. The next support is $36.

The near term resistence is at $46 (midline BB Monday) and $48 (upper BB) in 2-3 days assuming sideway action between now and then. A close above $48 by next Friday will probably says there are positive reasons for GTW to want to go higher.

Hope these help.




To: Alias Shrugged who wrote (510)5/31/1998 12:01:00 PM
From: Lucretius  Respond to of 14427
 
Down.

just like the rest of the trash known as "box makers" :)