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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Gordon A. Langston who wrote (1561)	8/27/1998 2:44:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 4140

[ Technical Notes for SNRS ] It has been an interesting two weeks+ for SNRS since the Nasdaq listing. Since that period of euphoria, the stock price has given back all of its gains, and more. That euphoria, which resulted in the peak for the stock price, has reversed into panic, leading to a correspondingly significant decline that one might extrapolate to be a potential bottom for the near term for the stock. Let's take a look at the charts: members.aol.com The first chart shows the price with a plot of the 200 day moving average. This moving average is technically significant in that the longer term trend can often be approximated by the price of this MA. I have heard of studies claiming that buying and selling alone relative to this moving average can beat a pure buy-and-hold approach. Piercing this point can be interpreted as a negative for the longer term picture, and one can see from that gap down early today that many had considered this point as well. While keeping the longer term trend in mind, there is still room to operate on the short term where one can still extract a fairly significant profit. All this trend change has told me was the extent to which I will be greedy with my profits for my trades with this stock. Moving on, we look at the longer term picture on Chart #2, particularly the support line that exists at the 5.125 price level. The price action at today's low confirmed its existence. On Chart #3, we look at the stock from a different perspective, one with the long term ascending trend line. One can see once again that the long term trend line support is right beneath the stock price, giving yet another reason for encouragement at these levels. On Chart #4 I have plotted the downward trending Trading Channel, with the Bollinger Bands plotted on the price as well. The weakness experienced today briefly came within the vicinity of this bottom channel. Note the reaction of the price the last time the support boundary was reached. The Bollinger Bands represent the price movement within two standard deviations, the upper one representing 2 standard deviations, and the bottom band representing -2 standard deviations. When prices pierce these boundaries, it can often be considered to be either overbought or oversold. In this case, at 5 1/16, the price was considered to be extremely oversold. This reading was similarly confirmed by a customized indicator I built called the Active Balance Channel. The oversold signal was triggered when this too pierced its lower boundary. A crossover for the two lines will trigger a buy signal. Finally, we can look at the Speed/Resistance Fan, where one can see the fanning resistance and support points for the issue. At 5 1/16, the price briefly touched the 33% line, yet another for support. As I like to "eat my own cooking," I opened a long position at 5.125 this morning. Good luck to the group. Regards, Rainier

To: Gordon A. Langston who wrote (1561)	8/29/1998 5:14:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 4140

Hi Gordon, The following quote from a Japanese publication summed up very well the current situation: "... Traders said that falls in world financial markets are now feeding off of one another with U.S. stock prices being influenced by events in Russia and Asia and Asian stock markets being influenced by movements in the U.S. and elsewhere..." It appears that we're caught in an unhealthy economic spiral. The situation has sparked much conversation, and I am hard at work to catch up on the portion I missed out on during my leave of absence. Regards, Rainier