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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: mad dog from over there who wrote (9752)	11/19/1998 7:01:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 12559

I don't think tomorrow's option expiry will be much of a factor in what happens to FORE's price tomorrow. Just my opinion. Unfortunately NASDAQ went into a retracement mode just as FORE managed to surpass 17 this afternoon. What concerns me is the tweezer top we have made the last 2 days, peaking both days at 17.25, which happens to correspond to a key resistence point. Given this chart and absent the prospect of a buy-out, I probably would be a seller here. But the latter changes everything, since no one wants to forfeit a buy-out premium of 20 to 50 percent or more. To answer your question, I am still long therefore I expect the FORE bulls to attempt, at least one more time, to take out the resistance at today's high. ed