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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (20047)	5/29/2000 1:12:00 PM
From: Sergio H	of 29382

Ken, on ATMS that "slow grinding downtrend" that you described is merely the stock hitting resistance at its 52 week high. Looking at support, or the 200 day MA as you pointed out, reveals that the stock is trading just under support. We're looking at the same info and one of us is being optimistic. ATMS' fundamentals tells me that a bounce off support is called for. This stock tends to move in synch with the NAZ. Any life at all in the NAZ and ATMS will test the ceiling once again, and I do think that we're going to see an attempt at a rally giving the longs an opportunity to pull up stakes for the summer. Sergio

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