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Strategies & Market Trends : Angels of Alchemy

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To: HandsOn who wrote (8)	5/20/2000 1:36:00 PM
From: SirRealist	Read Replies (2) of 24256

You may be right, HO. With lockup release last Monday, and good fundies, it could go. A few concerns of note: 1) The market is so tenuous that any move up may be limited to a day or two, before a new low is established and a serious rebound begins. 2) A move to the upside off this third test is not yet evident. 3) In most post lockup periods, a decline proceeds an advance. Plus lately, lockups have been falling to 20% of the March high, suggesting IMAN could go as low as 5-3/8. Since I'm using extra caution right now, I'll wait for clear evidence of a rise. Good luck!

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