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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (92)7/15/1997 10:59:00 PM
From: Trader X   of 7396
 
Keep an eye on CFMT, had a $4 day today.

A day like this makes me think the stock may have bottomed already, and is ready to make the kind of gains already made by SFAM, IPEC and ONTK/LRCX. I think EGLS is due for a run now as well.

SFAM is appraoching my near term target of $50-52 rapidly.
CMOS likewise is nearing my target of $37. Both stocks broke out of trading ranges almost simultaniously, and are mirroring each others trading patterns, making a series of intraday uptrend triangles. Friday or next week looks to be a profit-taking selloff in the Nazdack.

happy trading.
-Kevin
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