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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (854)	2/27/1999 11:43:00 AM
From: Zeev Hed	Respond to of 2383

Carl, note that the DOW and the NAZ are still above that low the turnips called some 10 days ago. Yet we are getting closer to the "Spring Relapse" (heck, in the semis we are already there, with the sox indeed flashing a sell signal, and the bond having broken a long term uptrend, or down trend in the rates). I still see the balance of the next two or three weeks as mildly bullish, but would use this strength period to bail out of risky long positions (including the CYMI I just bought at 23.125 Ouch). As for PROG, it has broken down, but I think that the spike to 11.125 was on such low volume that it might not be significant. If you play by the rules, however, you should use strength to move to the sidelines. few weeks before the next earning report we should probably get a good indication of where it goes. Zeev