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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: jjstingray who wrote (34396)2/27/2002 4:13:26 PM
From: Zeev Hed  Read Replies (1) of 99280
 
COO just reported, and the report seems quite OK. In recent weeks the technical action in COO was not very good, OBV and money flow were not behaving, and the stock crashed through the lower B band. I thought at the time that this might be harbinger of a bad report, but apparently that fear might have been misplaced. I think I will try and add it back on the next relapse, price range $42 to $42.5 and $38 as I mentioned a little earlier on this thread. Currently, the stock closed at $47 and there should be some stiff resistance in the $46.9 to $47.75 area.

Zeev
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