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Strategies & Market Trends : Meristar Hotels & Resorts (MMH)
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To: professor who wrote (8)1/26/1999 9:16:00 AM
From: Boyd Hinds  Read Replies (1) of 21
 
That's some good news. Technically, MMH has started acting much better this past week. It broke through some resistance at 2.75 and managed to close at 3 (albeit on low volume).

The next area of resistance should be around 3.5 to 4. Watch out if the stock should hit a new 52w high on higher than average volume. Once the momentum players jump on board, we could be in for a volatile ride.

I got in at 2.25 and still think this could be a double by the end of 1999. Your thoughts?
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