Catalytica Energy Systems, Inc. (CESI) Message Board

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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: Erik T who wrote (1468)	2/15/2000 12:14:00 AM
From: Erik T	Read Replies (1) of 1514

Very important action today, I think. The stock bounced off double support at $13; support from the moving averages all converging at this price, and the support line formed by the ascending triangle pattern which has been forming since the low in December. Volume was relatively strong. The pattern is seemingly familiar. It is similar to that from June to late August; another ascending triangle that broke out to the upside peaking at $18. The only difference is the price spreads from low to upper resistance is larger this time around. Even the volume matches pretty closely to last time; low volume down days and larger volume up days. If we can break through $15 I think we head to $18 again. If some good Xonon news can come in the interim, we may be able to push to new highs. The market is certainly accepting outrageous valuations for other clean-air companies. It's time for Catalytica to make it to at least a reasonable valuation. askresearch.com Here's wishing us all the best in the days/weeks to come. Erik (IMHO)

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