Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24536)	5/6/2002 7:25:40 AM
From: Don Pueblo	Read Replies (1) of 25711

I look for resistance at 1.68 and support at 1.18. Any move anywhere near 1.20 would be bearish short-term, but I agree with you longer-term. If it backs off, holds at 1.18 or better, and moves up from there back to 1.55, it will be poised to go to 3.66 within 12 months. If it doesn't back off from here, it could easily go through 4 bucks. Week of 4/15 she traded 340,000,000 shares. Is that what they call a short squeeze, or is that just reallocation of the entire float after some dood that was short at 40 cents had his whole life pass in front of him that week?<G>

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