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Technology Stocks : TECD - Tech Data -- Ignore unavailable to you. Want to Upgrade?

To: TraderXx who wrote (385)	2/3/1999 3:43:00 AM
From: Dale Stempson	Read Replies (2) \| Respond to of 584

TraderXx, I've been reading back through some of the previous posts and I see that you recently cautioned folks here on the technicals after TECD broke away from its trend lines. Good call. Now it will be interesting to see where prices will begin to stabilize. Where do you think? In looking back at the charts and the news, it appears that folks have been selling in a large part due to the consistent stream of earnings shortfalls from the major players in the sector. I suspect that now that the news is confirmed for TECD, and the price has been sliced in half in just six weeks, the investors will quickly return as buyers replace the fear with the not-so-bad reality of the situation. Regards - Dale