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Technology Stocks : SIEB Siebert Financial Brokerage -- Ignore unavailable to you. Want to Upgrade?

To: James C. Mc Gowan who wrote (241)	4/15/1999 11:49:00 AM
From: Sun Tzu	Respond to of 284

I closed my position this morning too. The give away for me was the relatively anemic performance of AMTD before the open. But let's not forget that AMTD and SCH have moved far higher than SIEB, and that relative to its float, SIEB probably has had more shorts than SCH and AMTD. So it is still possible for it to move higher. Incidently, look at the intraday chart of AMTD, it had low of 99 and is now at 140! talk about a swing. good luck, ST

To: James C. Mc Gowan who wrote (241)	4/15/1999 4:11:00 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 284

Believe it or not, today's action was not too bad. I used my personal indicators to look at the intraday chart of the last two weeks, and I was glued to the tape today. Here are the conclusions: - 35 is an amazingly strong support level. - Almost anyone who bought SIEB today made money (amazing isn't it?) - We have some serious resistance between 39 and 42, but it is surmountable. - JBOH, which is in the same league, though not as good, closed up on the day, so the picture is not as dark as it may look on the daily charts. Good Luck, Sun Tzu