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Strategies & Market Trends : Trend Setters and Range Riders

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To: janie who wrote (784)	12/29/2000 2:23:46 AM
From: Susan G	Read Replies (1) of 5732

from a newsletter: Best Plays: We like all the plays we put on the Daily, but these we are really focusing on tomorrow. 1) GMST: Breaking out of a short cup with handle. 2) MVSN: A momentum play. 3) VRTY: In an ascending wedge pattern. 4) REGN: Ready for a rally. 5) JNPR: More room to run with a punch in volume. Updated Stocks: REGN (Regeneron Pharm Inc--$37.25; -0.25; optionable (RQP)): Biotechnology STATUS: Back to support, testing the breakout from the recent cup with handle pattern. Volume pulled back below average as REGN showed a doji on top of the 10 day MVA. After pulling back for 4 days (the stock tried to pop back over the breakout high of 41.69 two days after reaching that high), the stock looks ready to move back up. BUY POINT: On a move up from here on stronger volume. New high: Over 40 on above average volume. POSITION: Stock and/or February $35 calls to buy (RQP BG). New high: Stock and/or February $40 calls to buy (RQP BH).

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