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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: ENOTS who wrote (7224)	2/18/1999 4:29:00 PM
From: DEER HUNTER	Respond to of 21143

There is no need for that stuff is there? Concerning todays action.....the stock saw a spike down on a good volume and recovered. The fact that we broke below the recent trading chart point is negative and confirms that the stock is still in correction mode. Notice that the stock was able to fill the gap on the daily chart after the 'smash' day and immediately headed back down. The supply/demand balance has shifted for the short term and more washing of the profit takers is at hand. The 3 1/2 area now is the where solid support lies. This represents a 33% retracement and is acceptable given the run from 1 5/8 - 5 1/8. This stock is very hard to trade in my opinion. I know Steve O would probably disagree. Good luck. Patience is a virtue. DH