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To: Dave Shares who wrote (24550)3/21/1999 5:37:00 PM
From: LTK007  Respond to of 50167
 
Dave,I am not Judy:)--but the TA specialist on Street.com just reviewed KEA's chart and he concurs with your view stated here<<Entry now at a point below any kind of support
seems too risky, and I've never been a good bottom fisher.>>
He says it is a possible "trapdoor" right now--if it doesn't hold it's support right now it could descend steadily---he gave 5 as a possible--if support line is lost.Good Luck,Max90



To: Dave Shares who wrote (24550)3/22/1999 12:51:00 AM
From: Judy  Read Replies (1) | Respond to of 50167
 
Hello Dave,

When there is a conflict between technicals and fundamentals, following the technicals is usually the safer course ... where one may lose opportunity but one does not lose capital.

KEA's previous earnings report looked fine but the stock has continued on a downtrend since. I'd rather wait until KEA finds base and reverses back up ... stock should find support at 18-20 which was a resistance level in early '97. In fact KEA's price action reminds me of COMS after they reported what appeared to be "sterling" results.

But why KEA for a long trade when there are other stocks with stronger momentum. As for an investment, I'd wait for confirmation of robust fundamentals and not mind paying 10-15 percent more for some assurance that a large upside potential is indeed there. Generally market sentiment overrides fundamentals in the near-term. As such, the whole yr2k sector has gotten slaughtered, witness CHRZ, IMRS, MAST, SYNT, etc. The software sector for the most part got creamed too, with the exception of MSFT and ADBE ... look at ORCL, SAP, CATP, etc. KEA is associated with a sector that is being slaughtered, and is part of another sector that is getting creamed. Guess my drift is clear.