Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (820)	12/29/2000 2:26:44 AM
From: Susan G	Read Replies (1) of 5732

BEAS (Bea Systems Inc--$76.00; +1.37; optionable (BUC)): Computer Software & Services: Business Software & Services STATUS: Continued the move off the 50 day MVA initiated Wednesday, moving higher on stronger volume (8.3 million; avg. 9.7 million). The stock broke above the down trendline (connection October, November and December highs), the high tapping near upper resistance at the 78 level. That isn't all; the stock needs to break through overhead supply through the 80 level at least. We like the break of the down trendline, however, and look for that to now support the stock should it pull back. BUY POINT: Aggressive: On a move up on stronger volume. Safer: Over 81, on average or better volume. POSITION: Aggressive: Stock and/or February or March $75 calls to buy (BUC BO CO). Safer: Stock and/or March $80 calls to buy (BUC CP). I have opted for the aggressive route as usual <g>

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