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Pastimes : Home on the range where the buffalo roam

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To: T L Comiskey who wrote (449)3/22/2000 10:41:00 AM
From: Boplicity  Read Replies (2) of 13572
 
I like to buy stocks that correct down to their 25 dayline bounce around while make higher lows. EXDS is one such stock. see below chart notice the higher lows EXDS was making around it's 20 day line, (sorry that chart doesn't have a 25 day setting). I bought EXDS at the open. The safe buy point for this stock is actually after it makes a blue sky break out in the 165 range, but I feel I watch the market close enough and the price movement from today's buy till the stock so happens to fail at 165, is large enough that I will be able to protect what ever profit I have in the stock. Also, the 165 range would be considered resistance.

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Greg
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