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Strategies & Market Trends : The picks
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To: GR who wrote (5931)5/4/1997 3:56:00 PM
From: Rob S.   of 6124
 
I think it will go up both from strictly TA view and because the company's stock buy-back is for 20% of the float and is structured to run through May 23 (they may announce another or extension) and shorts need to cover about 20% of the float. I don't think that buying presssure will be exhausted in just a couple of days and when the stock gets under profit taking pressure, a higher floor is likely.
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