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Technology Stocks : MENTOR GRAPHICS -- Ignore unavailable to you. Want to Upgrade?


To: ricky who wrote (215)2/15/1999 1:12:00 AM
From: P314159d  Read Replies (1) | Respond to of 376
 
Yes it is a steal and it is getting its last sale price of the year right now.
The stock broke out in a weak market, a 2 year breakout.
It is currently retracing the breakout to its breakout point and it should fill the gap from 11 to 12 to some degree. I don'twant to get picky so I pick the midpoint of the gap, 11.5. to go for more shares. The selloff is on slower volume so we can expect new highs this year.

One caveat is the weak market and the impending selloff in the big NAZ names. Isay not to get scared but buy into it with the new leaders,like MENT. we could some intraday breaches of the 11 dollar breakout.