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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!
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To: Michael Olds who wrote (3656)5/7/2001 7:08:20 PM
From: Hal Campbell   of 4169
 
Thanks Mike. Very much. No, I wasn't commenting on Boots' cyclometer.

My rudimentary take is that when AXC rallies and then days later falls more than 25% below the closing high off that rally, water torture is about to take place. Actually that is normally a good time to sell any stock - but pennies are more volatile.

So expecting down here, but at the moment we are balanced for news that has to come one way or the other. A simple continuance of the bridge loan would be water torture time. New substantial financing at decent terms from any source should lead to a powerful rally. But for now , me, I expect down (probably a bullish sign...you ought to add my expectations to your contrarian indicators).
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