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Strategies & Market Trends : Value Investing

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To: - with a K who wrote (18341)	1/6/2004 9:39:04 PM
From: - with a K	of 78870

WRLD in the news: We have also seen strong breakouts in recent days from World Acceptance (NasdaqNM:WRLD - News), Omnicell (NasdaqNM:OMCL - News), Faro Technologies (NasdaqNM:FARO - News) and many others. Breakouts have not really been occurring en masse since the mid-July correction, and they have not been making much progress. In mid-October, the market seemed to enter a correction that affected growth stocks. Names would break above resistance, but were unable to make any headway. I admit that this rally feels different, but there are no guarantees. One thing that will indicate a shift in potential is if some of these growth stocks can break out and advance at least 20% in under 4 weeks. This would indicate a true, potential leader that is capable of a continued advance rather than the 'rollovers' we have seen. World Acceptance has already made a 13% move above its breakout point of 20.47 biz.yahoo.com (with chart)

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