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To: Elwood P. Dowd who wrote (50847)3/1/1999 7:29:00 PM
From: Captain Jack  Respond to of 97611
 
EL--- I am kicking myself for buying the 1st time--- yet alone adding today at 34... Will we hear negativity from IBM and HP tomorrow to HELP the situation???



To: Elwood P. Dowd who wrote (50847)3/1/1999 7:37:00 PM
From: rupert1  Respond to of 97611
 
El: Here is a nice simplistic way of looking at it. The rise from the bottom 24 to the top 51 was 27. Give back half, or 13 1/2 = 37 1/2. So $37 1/2 is the equilibrium point. The stock is now $4 oversold.

See this TA stuff is easy.