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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject9/18/2001 12:32:18 PM
From: Softechie  Read Replies (1) of 37746
 
BBY Time to short this puppy. Best Buy (BBY) 49.82 +1.82 (+3.79%): -- Update -- Technical -- Currently working on its second attempt to break 50.00 following second quarter earnings that beat the Street by a penny. Faces modest upside resistance in the range of 50.00 - 50.25. After that, it has little in the way of overhead until the area of 52.60 which represents the top of the gap created by yesterday's market wide sell off. We would be more cautious on the intraday outlook if BBY would break below 49.40.
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