RESISTANCE LEVELS- Ceilings & breakouts <30 min old Message Board

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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: Roger Schelling who wrote (85)	9/1/1997 7:30:00 AM
From: WHL	of 621

ASIPY's ADV is only 12,400 shares. On Friday it had a BIG day with 565,000 shares traded. It did break through long term resistance at 10 3/8 on Thursday- reaching 10 5/8. It did so on miniscule volume however. The move on Friday was REAL enough, but now the move is over 1 day old. At best this is a late stage breakout. Most likely it is a news play. It appears that news is in the works and it is probably news related to ASIPY's offer on London & Overseas Freighters. Someone else obviously knows something. As for us, we'll wait and see...

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