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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: puborectalis who wrote (71332)11/14/1999 5:50:00 AM
From: lee kramer  Read Replies (1) of 120523
 
Stephen: Just took a look at the BGST chart. The 2 1/2 month downtrend was broken this week. The Friday pullback to the breakout is normal, especially with a stock that's been in a pronounced downtrend. The final decline from 5 down to 4 looks like a bear-trap. There's no way to tell how soon or how far the stock will move. But you can make a strong case that 4-4 1/2 is a temporary, hopefully final bottom. You may be pleasantly surprised. (Lee)
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