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Non-Tech : Bombay (BBA): Time for a run up? -- Ignore unavailable to you. Want to Upgrade?

To: Straight Up who wrote (146)	12/12/1998 12:11:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 202

<< What worries me is the live testing of the Win/DDS >> Despite the hype of the shortage of technical personnel, because of software componentizing, there is more than adequate expertise available at any time. Even if there are glitches, the outcome, going forward, would be better than what they had in place; which, I understand was very poor order fulfillment from the customer perspective. In looking further at the weekly long term charts, current price of 5 3/16 is right up against a resistance trendline drawn to the tops beginning with June 94. While I do not attribute magic to this observation, it is a shorthand approximation for measuring the change in slope over time. Once this resistance is broken, one can then say that the longer term trend may be changed. Another way of saying the same thing is to observe the trading ranges in and about the price of 5 1/4 - 5 3/4 which first surfaced in Dec 94. This same range provided congestion in each year following. Thus there is very good reason for high volume appearance of appearing not being able to go through 5 1/4. The overhang of supply must be digested first. Ed Perry