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Strategies & Market Trends : Rande Is . . . HOME

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To: Rick Buskey who wrote (35521)	9/21/2000 4:16:01 AM
From: Wendisman	Read Replies (4) of 57584

Richard....my KOPN read.... I posted earlier about a major analysts' desire to "load the boat" at 21, but if you look at the volume when it hit 21 today....well, that wasn't the block buying I would be looking for to enter a long position....it was a false bounce off of 21, engineered (if we believe in conspriracy theories) to bring in the small retail investor. I'm holding this one long-term from 19, and I believe in its story, but we have not seen its bottom yet....here are my thoughts from last week: Message 14376988 I am looking for a v-bottom in the teens (a drop below 19 is a very bad thing for most everyone that is currently long and waiting for a turn - this is my capitulation signal - I expect large volume retail selling at a break below 19)....capitulation hasn't arrived yet for this one, but it's coming soon.... That is if we don't get an earnings warning (I am caught in my own convictions with ANAD already) and then the bottom will be a drop, a bounce, and short-term flatline will follow. So IMO 19 is the key....block buying and we're home free....heavy retail selling and we see 15 before the big boys load the boat. As always, just my humble read on one of my favorite stocks. Wes

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