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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Sequoia Holdings who wrote (7499)	2/3/1999 5:41:00 PM
From: hoffy	Respond to of 56535

>>>CMIC is the gapper play for tomorrow. New technology to be unveiled at the conference next week. It's gonna fly once the news is out. So if the news came out about the conference on Jan 27, and the conference is next week...why is it going to gap tomorrow<<<< Yes the news was out last week but they will only be showing the technology at the conference next week so the word really hasn't gotten out yet. The volume was coming in very heavily late in the day and once it passed through resistance at 13 it went right to 13 1/2. Tomorrow as people see the volume and the spurt they will want in on this technology. That's why the gap will occur. Looking for 15 tomorrow. 20 by the conference and then a big pop.