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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS)
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To: francis terry who wrote (1169)7/28/1999 5:05:00 AM
From: 2MAR$  Read Replies (2) of 2118
 

NEW YORK (CNNfn) - The stock market gyrations
that have boosted sales of antacids among traders in
recent weeks will come to an end and the Dow Jones
industrial average will surpass the 12,000 mark
before the millennium, one of Wall Street's most
respected analysts said Tuesday.
"I raised my target for the Dow to just over 12,000
in July and I still think that's doable," Ralph
Acampora, chief technical analyst with Prudential
Securities, told CNNfn. "This is a very different
animal. Buy the dips."
Throughout July, stock market gains have been
almost non-existent as investors, worried about the
prospect of higher interest rates, side-stepped the
market. In the past week or so, with the exception of
Tuesday's 130-point gain, interest rate fears have
kept investors well away from Wall Street.
But Acampora stood by his earlier assessment
Tuesday, insisting that the big bear already came
and went last year between July and October.

***Buy on the Dips!
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