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Technology Stocks : Seeking investment advice on CHPS or DAWK

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To: Rosemary who wrote (48)12/14/1996 12:13:00 PM
From: Gregory Cole Brock   of 55
 
Rosemary,

The CHPS chart is looking very ominous. I do not like it at all and
I would advise you not to get too exposed with this one. The pattern
is called head and shoulders and if the stock price closes at 18.5
or below the pattern will be confirmed. This pattern is one of the best
predictors of future prices. If the pattern confirms you can expect
a quick drop to the 14 -15 level.
CHPS may be a good buy again at that level. But be careful short term.
This one is an easy one to get caught on. I have learned some painful
lessons with this pattern before.
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