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Strategies & Market Trends : Rande Is . . . HOME

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To: American Spirit who wrote (34444)	9/11/2000 4:50:16 PM
From: Logain Ablar	Read Replies (1) of 57584

Spirit: FWIW on the PnF chart LU just broke a triple bottom with next support in the $30 area (weak) and then hard support just over $20. Fundamentaly I thought they have issues with missing a product and NT, CSCO are filling this gap. I don't follow the company / stock closely so take this with a grain of salt but they are having more competition now than they ever had and these items usually take more than a quarter to fix. Chartwise it looked ready to go last week but then fell back to $40 and was too close to the break (printing $39 today). Whether this is a head fake or not time will tell but caution is waranted. CSCO & NT charts also are not looking too good. Tim

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