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Technology Stocks : Spiegel(SPGLA) -- Ignore unavailable to you. Want to Upgrade?

To: GBT who wrote (71)5/1/1999 2:50:00 PM
From: Cleo  Respond to of 89
 
We'll see if there are any legs for this last move up.

IMO, at some point we will need to go back to 6 and fill the gap ... but that might not happen for a while (if ever). Almost always it does eventually happen though.

Anyway, we did end UP Friday on heavy volume again ... 8 is resistance. We'll probably test it again ... if we break thru we could be in for some more running on the upside. If not, we might slowly float down for a few days on declining volume before resuming some strength.

I am positive on SPGLA in the long run though. And with the volume that we have seen the last couple of days, and the broadening of the market in general, I think we'll be in good shape in the coming weeks.



To: GBT who wrote (71)5/4/1999 9:51:00 AM
From: KC Miller  Read Replies (1) | Respond to of 89
 
Thanks for the info. I am in SPGLA long but would not mind some additional takeover rumors to spur price upward. I am not opposed to
selling and then rebuying additional shares at lower price. It is speculative but can be profitable. Spiegel has a great marketing name and should do well on the Internet with proper management.


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