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To: Joe C. who wrote (5117)7/7/1998 11:58:00 PM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
Great job Joe! Thanks for posting several highly relevant links. I was off hiking today in the middle of the Cascades (a 2 mile long abandoned RR tunnel, but I digress...) and was hoping you guys would "hold the fort" today.

The price action was disappointing today BUT let's review the chart:

coolhistory.com

Do you see any reason to panic? I don't. In fact, I see a very _positive_ development. We are still in our 16 - 18 trading range and I am now confident that the previous downtrend (thin red line) is broken for good. Again, as far as the short term goes, until the stock _closes_ below 16 or above 18, I'm not going to get too excited.

FWIW,
Chip