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Technology Stocks : Navigant International (FLYR) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (578)	4/29/1999 11:35:00 AM
From: M. Frank Greiffenstein	Read Replies (2) \| Respond to of 725

You are right... You are right, Dale, the "cup and handle" formation is one of the more abused terms out there. For me, TA is only helpful in telling me what TA fans are doing <g>. Besides, I am looking at the chart and am having a tough time seeing the formation to begin with. I think the only thing compelling about the chart is a double bounce off 5. IMHO, FLYR will be strapped into a very narrow trading range. Revenues weren't big enough to spark a sustained rally, but the stock is cheap enough to protect against a decline. What is driving the hot Internet stocks is top line revenue ramping, not earnings or EBITDA or profit. FLYR just ain't makin' it in that department. That's too bad, because growing by acquisition is a perfectly legitimate strategy. We just have to wait. DocStone