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To: Sarmad Y. Hermiz who wrote (41681)2/21/1999 9:55:00 PM
From: GST  Read Replies (1) | Respond to of 164684
 
For what little it is worth, I thought it would open soft and gain strength as nothing bad will happen -- with the exception perhaps being INTC which could trade down through the day. See ya.



To: Sarmad Y. Hermiz who wrote (41681)2/22/1999 10:51:00 AM
From: Rob S.  Respond to of 164684
 
Not enough to tell but an upward move is more likely. So far the bounce has failed to materialize - once again. This shows that news or even the announcements of the heralded savior of investment wisdom, Blodgett, can't influence the stock much. It continues to trade in a range. The sector is ready for a technical bounce but I predict that the bounce will be muted compared to past rallies. Then these stocks will likely continue to head down prior to a possible move spurred by an influx of tax return money. After a spring rally, the tech stocks will likely be a sector to avoid like the plague.
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We have a Blodgett bounce . . . or, a fizzle, a flub and a flop - just can't keep it up . . .



To: Sarmad Y. Hermiz who wrote (41681)2/22/1999 11:01:00 AM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
The TA is still non-conclusive. The longer term indicators look negative despite some strength in holding at this level. Although the stock has held, it has failed to rally despite bullish praise from a couple analysts and news releases and industry happenings. These continue to point to a market top. Accumulate/distribution indicators are bearish but stochastic and some other short-term indicators look inconclusive - not at the extremes they were before the drop. Some of the nuts are perhaps ready for a "dead cat bounce".

The trend remains down but not decissively so. A big announcement could trigger a significant move up or down. If not, then market apathy will likely continue and the stock will languish down.