Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Keane The leading y2k service provider -- Ignore unavailable to you. Want to Upgrade?

To: Craig A who wrote (812)	11/17/1998 8:23:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 1316

I think it is a multitude of things actually. The undeserved label of Y2K company which holds it back some. Down substantially from it's highs so it is a prime tax loss sale target for many. Stock is 81% institutionaly owned so if a fund exits, most of the big buyers are already in and the selling pressure hurts more than most other stocks with small floats. Options expiry. KEA has few puts sold on it, everyone wants calls. This weighting to the long side attracts selling around expiration since the call writers are mostly funds which can pressure the stock down to close out positions cheaper. The chart today signalled a possible bottom test around 32 1/2 in a so called "hammer bottom".. With triple witching Friday, I don't put much faith in chart formations this week but it is a bullish sign if it holds. I also am a day or two away from a buy signal on my indicator for KEA also. I will probably add to my position soon. Good Luck, Lee