Bombay (BBA): Time for a run up? Message Board

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Non-Tech : Bombay (BBA): Time for a run up?

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To: Arnie Doolittle who wrote (2)	6/13/1997 12:41:00 PM
From: Harry W. Lowe	of 202

Arnie, I agree that Elliott Wave analysis is inconsistent. On some stocks it works very well and on others, not very well. Analyzing Elliott is a subjective art, in that no two analysts will totally agree on a given price behavior. But I have had some success with it, submit it for what ever it is worth. As I pointed out in my original post, I don't know any thing about the fundamentals for this issue, but it must be good judging, from the price performance. A sell signal was given on 6/10 and confirmed on 6/12. From what you said about its potential, it might be a good buy on the pullback. Point and Figures chart shows a potential pullback to $4.75. Time will tell. Happy Trading, Harry

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