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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (10487)	6/22/1998 3:53:00 PM
From: Tx Buck	Respond to of 120523

IIXC: Earlier this spring it peaked in the low 60s and, last Monday was beaten down, similar to rest of sector, to mid 30s. It rebounded sharply last Tuesday on good volume and everyday since then has gapped in the morning, stayed up during the day, and closed on strong volume buy @16:00. Today it's up again another few points, now in around 48. Company is solid and fiscally conservative, lots of dark fiber and potential business, some takeovers recently, but no really big news. Jenna, any TA to explain recent fast rise of IIXC in otherwise lackluster market?