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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9578)8/30/2001 1:15:44 PM
From: James Strauss  Read Replies (1) of 13094
 
William:

I still like LU and AGR.a for the long term... LU now has enough cash to complete the next phase of its restructuring plan... They do business with the 36 largest world wide telecoms... Eventually this sector will turn around... When it does, LU and AGR.a should do very well... After LU had its bonds cut to junk status it ran up about 40%... AGR.a is a giant among the telecom chip makers... Salomon Smith Barney rates them as a buy while Lehman rates LU as a buy... I keep adding on the dips for an expected 10:1 payback in the next 2 to 3 years...

Your Nasdaq support targets are in the ballpark if 1600 fails...
stockcharts.com[m,a]maclyymy[pc13!c50!d20,2!a1600!a1350][vc60][iLd20!La12,26,9!Lc20!Lk14!Lg!Lp14,3,3!Lw25!Ll14] A final panic bottom could take it down to the 1350 area...

Jim
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