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Technology Stocks : Cadence Design Systems -- Ignore unavailable to you. Want to Upgrade?

To: Sportfish who wrote (397)	5/13/1999 12:24:00 AM
From: Carl R.	Read Replies (1) \| Respond to of 668

Keep in mind that I have no idea who PRGN is. Also remember that free advice is often worth what you pay for it. My thoughts are based on the chart only, and if you know something about the fundamentals, you may be better off going with those. Arguably PRGN just had a dead cat bounce. But given the high volume, I think you just had a capitulation and high volume reversal which is a very good sign. The high volume reversal is an indication of a major change in direction, and bodes well for additional moves up. On the other hand if the volume slides the the stock falls below about 18 or so it may be time to bail. But I suspect it will move sideways for a couple days and regroup for another step up. Good luck, Carl