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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: FastC6 who wrote (1475)	12/20/1998 8:26:00 PM
From: stockycd	Read Replies (1) \| Respond to of 3541

Snake Eyes, I know you can't be 100% bearish/negative about this company. From a technical perspective, IFCI is just recovering from a relatively strong overbought price. When we made the low on 8/31/98 of 4 7/8 and on 10/8/98 of 5.69, we were doing very well to get to 9 3/4 on 11/9/98. I'll take a double in two months anyday! We formed a double bottom from the earnings day high on 12/11 and have started up from there. There has been a weak ascending right triangle forming since then with next week possibly being the resolution. We should start to move up from here and challange the old highs. I am one of those who sold the day before earnings and will do so again. We all have to play the game. Good luck! Chris :~)