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To: Alan Cassaro who wrote (6903)4/8/1999 10:08:00 PM
From: Carl R.  Read Replies (1) | Respond to of 17679
 
Nice job by that juggernaut today, in my opinion. Most of the 1.2 million shares trades above 4, which should have taken another bite out of those convertibles. I think it will take another day around a million shares to pound our way through the resistance around 4. Yes, we bounced back down to 3.6875, but there was virtually no interest in selling at those prices, and the juggernaut used to opportunity to refuel for another crack at 4 in the morning.

I think the action was impressive technically, and I think that 4 will give way soon. You've had your last opportunity to buy under 3, and tomorrow or monday could be the day that 4 gives way for good.

Carl



To: Alan Cassaro who wrote (6903)4/8/1999 11:05:00 PM
From: HPilot  Read Replies (1) | Respond to of 17679
 
Al,
In Candlestick terms a day with the close at the same opening is a Doji. And a doji at or near a high is considered bearish and near a low bullish. It is considered a weak indicator requiring some sort of confirmation. Such as a lower price tomorrow. My hunch is it will sell off tomorrow and early next week and go back up even higher late next week. And hopefully a huge spike the week after during NAB.


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