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Strategies & Market Trends : Charts for Breakout

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To: Julius Wong who started this subject	5/4/2002 5:25:44 PM
From: PAUL THOMAS	Read Replies (1) of 3506

NWRE pulled back to 7.47 after profit taking when a great earnings report issued.I have been stuying the fundamentals and charts very carefully and have now bought 4900 shares.I have built an elaborate earnings model and stock price forecast for the next 6 months.I am forecasting The stock price will grow 28% over the 52 week high established in March.This should happen during July-September and is a 76% increase over the present 8.18$.NWRE is one of only 22 technology stocks priced above 5$ that has increased more than 100% over the past 90 days despite being 33% below the 52 week high set in March.NWRE is a very volatile stock.I was fortunate to buy a significant number of shares just above the 7.50$ support level .

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