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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?


To: ---------- who wrote (208)11/30/1998 12:19:00 PM
From: The Jedi  Read Replies (2) | Respond to of 1222
 
Well the low was nicked today at 71 7/8. The stock ran from a low of 56.5 to high of 80.6 in 6 days. 50% retrace is 68.5 which we could see in a day or 2 if the slide continues. If we bounce off 68.5 then we should keep going up.

The problem with techncal stuff with low volume stocks is that who ever has the hold on it can do what they want (so as to confuse the technical picture). My hope is that the institutions do not start exiting, and those that shorted this have not yet covered. My guess would be 73-76 depending on where the NASD Composite closes.

Kiri