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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
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To: Philip W. Dunton, Jr who wrote (1756)9/16/1999 2:25:00 AM
From: tejek  Read Replies (1) of 3661
 
Phil

I don't know TA well enough to be saying this but I suspect that because there is a pennant formation on the weekly chart, the major gap up will occur when that formation is completed and that is why the gap out of the daily chart pennant was so weak. BTW the weekly pennant looks to me to be ascending at a steeper grade than the daily did.

I also think, after seeing AMAT's earnings, that MTSN's will be considerably better than expected. In fact I believe the recent rise is due almost completely because of improving sector economics....certainly not due to any news action out of MTSN. In fact as bad as things were about a year ago, that's how good I think they will going forward. Time will tell.

Good luck.

ted

Oh, and Ian, when the moon rises over capricorn and the sun sets in aquarius, MTSN will go into a nine year basing period at the end of which it will gap up 150 pts to make for very nice profits.

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