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Technology Stocks : CNKT - Connect Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Kevin G. O'Neill who wrote (300)	6/1/1998 10:51:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 953

The 200DMA has risen to ~2 1/16. Price dipped & closed below that a few times last week, so I'm not sure where the true support is. I bought in @ 2 5/8 when the indicators initially bottomed out. I watched it for the past few weeks while the indicators remained oversold. I was initially drawn to it by the textbook pennant formations the last few months, & figured we had another one coming. If we do turn this PR into another pennant, the 50DMA is ~ $5 1/4, and pennants (& trendlines across recent peaks) say next pop should take it to $6. I like the early run, but the stall right now isn't that encouraging. The charts, w/the recent protracted slide have changed their behavior considerably. I've grown my FA here to 30% by TA 70%. They have some good products, and are proving it by signing some big names. I'll likely hold on for a few more weeks, and may trade on the swings. You may want to wait a few days and see where the price settles after the HD news. I will continue to post on the TA. LB