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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

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Nov 28 4:00 PM EST

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To: Johnny Canuck who wrote (27690)	8/24/2000 12:35:24 PM
From: BRAVEHEART	Read Replies (3) of 68426

VRTL Fundamentals...Laugh... Hi Harry, VRTL is a junk software stock that has been pumped up time & again. I would be wary to short until it shows a clear "EXHAUSTION" signal. The CEO sold half his position on what he called a momentum run above $18. Traders love the stock. You can play it both ways based on T/A as it does behave somewhat predictably. Selling was Exhausted recently & someone accumulated at $6 to $6.5 for the recent pump. Also there is talk of an options exercise around $5. As far as fundamentals go. Let's say this. the CFO sold more stock than the company earned in sales last year. GARBAGE STOCK IMO with a clear fundamental top. Making it a great short play from time to time based on technicals in between the Pump & Dumps. GZMO looks like a quickie T/A short IMO at it's highs... GOOD LUCK Jeffrey

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