Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Ed Forrest who wrote (1596)	7/3/1997 11:55:00 PM
From: LastShadow	of 120523

Golfer: MLIN MLIN generated a buy signal for me when it gapped yesterday morning. I got it about 11 5/8 and plan to hold a while until I see sell signal and some negativity in the TA. Good company to buy and hold as far as I can see. I actually expected it to go up a few days earlier than it did, as it had respectable average volume and the tanking seemed overmuch. Pre-April history says its worth about 13.5, but I figure it has strength to go to 15 in 4 weeks. Had it been a short term trade, and not a short trading day, I would have sold as it leveled. I would say its still a buy if the Monday tick shows some volume buys (a few 10k blocks are good), an above average number of trades (meaning lots of smaller buys also) and at least a lower resistance no more than $12.25. In fact, it will probably be on the Monday Watch List if I am fairly certain the next few trading days will be good. Thanks for the comments. I don't live in Detroit though, about 35 miles NW in Farmington Hills/West Bloomfield area. lastshadow

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