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To: stocksbnice2me who wrote (708)5/11/1999 10:55:00 PM
From: Surfer  Respond to of 3070
 
Sorry. I didn't make myself clear. $Mogul has been waiting for $45-50 range and so I responded that it's not worth the stock, if it retraces on its own without Nasdaq coming down. So far, INSP acting strongly with respect to Nasdaq, good volume on up moves and consolidation on low volumes. Today was a great example. Whenever Nasdaq pulled back, INSP held it's ground. Look at one minute chart at bigcharts.com. Relative strength is great so far.

FOMC meeting on 5/18, everyone is afraid of. INSP needs to survive that like every other stock. If it survives at about $60, then it has a chance to take out $70 before next earnings. What's your view? How far INSP will come down due to interest rate fear/FOMC? Will it bounce back quickly? At what price the buying pressure might come? May be $55? Any upgrades can counter the interest rate fear.

Thanks.



To: stocksbnice2me who wrote (708)5/12/1999 8:44:00 PM
From: gridiron 99  Read Replies (1) | Respond to of 3070
 
>>How could you see this stock
retracing back to 45-50 when you have large firms investing in the millions?<<

Anything is possible in this market. I am long on INSP, bought back at 49 1/2 not long ago. INSP is a very strong stock. However, if something spooks the market such as interest rate, correction then it will drop to the 40+ in a hurry. In such an event, I will be buying more.