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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Sword who wrote (1470)	10/30/1998 1:50:00 PM
From: Willsgarden	Respond to of 3015

it is acting weak......can't help but think that sellers are just waiting for any market weakness or bad news to set off the slide. Just like the wave of the rally that accellerated the climb, the converse could be as dramatic... Bill

To: Sword who wrote (1470)	10/30/1998 10:22:00 PM
From: GR	Read Replies (2) \| Respond to of 3015

I'd be very careful in shorting.Reasons 1)nasdaq is in an overall bullish mood,although one can argue that it's tapering.SRCM has never got to oversold stoichastic's yet;moreover the last 3 days have seen higher lows and higher highs.DMI (directional movement)is still trending strongly positive.It gapped up at the open today but did not follow through.As i said before this stock has a technical uptrend pattern associated with accumulation.Some positive pending news would not surprise me.BTW i do not have a position in this stock at the moment.