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Technology Stocks : 7th Level -- Ignore unavailable to you. Want to Upgrade?

To: Ming Wu who wrote (1005)3/6/1999 1:32:00 PM
From: Frederick Langford  Read Replies (2) | Respond to of 1019
 
As for fundis, I remember when TALK announced their deal with AOL.
Their fundis were pathetic (still are). They ran from 12 to 20 and held in the high teens low twenties for quite awhile. AOL has a HUGE subscriber base. There are many people who will enjoy and use what SEVL is offering. It seems in this market, NOT making money is a prerequisite <g>. Technically, holding 5 is very bullish. The market is also coming off an oversold signal. I'd be looking to short at 8 or 9. JMO.
Fred



To: Ming Wu who wrote (1005)3/6/1999 3:15:00 PM
From: patchman  Respond to of 1019
 
I would imagine when you see the volume slow down, probably mid morning on Monday, the buyers are done, once that happens profit takers and shorts will undoubtably take it down quickly. If you have access to a time/sales screen on level II it will be most evident. I'm not going to try and call a price target, I'll just watch the volume on a real-time chart and call it from there.


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