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To: Jan Crawley who wrote (26477)11/18/1998 12:19:00 AM
From: Rob S.  Respond to of 164684
 
I think it may be all over the place tomorrow. It certainly shot up a lot in one day - enough to deserve a drop. But off-setting that is the fact that it is at a new high and that could force more short covering and more momentum players. It was coming of of a base in which the volume had dropped down from normal - not much selling or buying pressure up to that point. This recent announcement, timed perfectly to take advantage of a shift from other stocks that had run out of steam, drew some of those momo players and forced short covering, IMO. We could see 168-173 for the high and 138 for the low. A break-out off a base tends to last for a few days. Some indicators still have a way to go before looking as over-bought as LCOS and a few others.