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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (28093)	2/14/2002 10:38:50 PM
From: Amigo Mike	Read Replies (1) of 29382

Hi Ken, Wild swing today on LNOP. I think the high was at or near $11. Watch the channel and trading volume. This one can and likely will be a swing trader's delight (right up your alley) over the next month as anticipation grows over NP-1 sample delivery. This stock has a tiny float and is no stranger to 2-3 point moves intraday and over several trading days. Just take a look back a year or two ago for an eyeopener. Success may move this stock over $50 within 6 months, delays or failure may drop it to $2. Its a guessing game, but as I said, should be a swingtrader's delight if you stick to well defined trading guidelines. One should easily be able to accumulate a free position in a short period of time. Not sure of buyer sentiment at this point, but I would not be surprised to see a quick dip into mid 8s and a sharp rebound tomorrow. Amigo Mike

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