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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.48+0.3%4:00 PM EST

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To: Johnny Canuck who wrote (27137)6/22/2000 1:51:00 PM
From: j g cordes  Read Replies (2) of 67664
 
Harry, re DISH currently 39 3/4-7/8

A. I stuffed DISH into two neural nets and one spit out price target of 45-6 within 5 trading days, the other has it hanging at about 40 1/8th. Some of these nets are good for norming expectations as they have a good selection of inputs. The stock gapped up Monday, trending since then. 38 looks like a long entry point to me for 40 calls.. (perhaps)

B. Schaeffer's sentiment option model is very strong on the 45 and 50 series, (if there's already been a strong move up in a stock this indicator is contrary.. but in DISH's case no strong move recently).

C. The business itself and rumors.. Tuesday announced they are shipping new HDTV dish.

* They have a billion in cash, yet 21% of float is shorted (could be interesting).

* Net positive institutional buying by 5%.

* Approx 1/2mil shares insider purchased late May via s.options by VP, no 144's filed yet.

* The last three earnings have been negative surprize but last June's (99) was positive.. maybe they'll repeat.

* 9 strong buys 5 moderate, increased a little from last wk
[DISH] ECHOSTAR COMMUNICATIONS UPGRADED TO 'STRONG BUY'
FROM 'BUY' AT CS FIRST BOSTON

* Good June 8th article: cbs.marketwatch.com
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