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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (28796)	8/31/2000 8:51:24 AM
From: Lee Lichterman III	Read Replies (3) of 42787

Don't know. SFA still looks like a bearish wedge to me with decreasing volume on the retrace back up and if it breaks to the norm, it would point to the 60s. LU had a bearish engulfing yesterday so I would want to see either a good looking bottom or a over sold indication first. FA wise, they have a bad track record but you would have to think they are pulling thier heads out sometime here soon after a few quarters to spin up the optical side that they were left behind on. T seems to just keep moving on hype and rumors. Valuation wise, I would rather bet on it than some 400 PE junk considering they are a web host, provider and stream provider thus covering all the avenues of higher PE companies. Still, they are obviously having problems right now and from a TA stand point, I still am not ruling out a return to the 28 - 30 range in a few weeks. Of course I thought I could get GM a couple bucks cheaper too and missed. <ggg> Note that T is up again pre market on renewed rumors they will sell the long distance biz. Good Luck, Lee

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