CXI-Commodore Environmental Message Board

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Strategies & Market Trends : CXI-Commodore Environmental

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To: Thomas M. who wrote (1655)	8/3/1999 4:50:00 PM
From: Lawrence Burg	Read Replies (1) of 1755

Look at the 5-day chart price bottoms… quote.yahoo.com They point to a close no lower than ~1 3/8 tomorrow. A compromise might signal a temporary consolidation. On the mid-term side, check the 3-month chart w 50 & 200 DMAs. Note the 50 crossing up through the 200. Very bullish move, even though it was due mainly to the pop to 5/8 a few weeks ago. What's important is the price has held and advanced. quote.yahoo.com While the afternoon weakness was a little disappointing, keep in mind that around 1:00 PM, there were roughly 680K traded, with the spread around 1 /38 x 1 ½. At 3:00, the spread had dropped to 1 x 1 1/16 with the volume at 810K or so. It amazes (& irks) me how the price can go so soft on such little volume. I think the advance will steady up a bit from here. All, of course, assuming there is no news, near term.

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