Stocks with 'Dead Cat Bounce' potential Message Board

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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential

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To: ~digs who wrote (8)	8/5/2001 9:26:24 PM
From: ~digs	of 130

ATHM daily: stockcharts.com[h,a]dhclyimy[pc5!c40!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14] This one has been basing for a few days after the recent price shock which brought it to new lows. The play here ... as I see it... would be to buy now with a stop below the all time low (1.08). The target would be the daily downtrend line and 20 day ema = ~1.73 and falling Confirmation for the bounce would be a close above the 5 day ema and Friday's high near 1.21. The more conservative way to play this one would be to wait for the above to occur prior to entry.

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