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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28574)5/13/2002 2:27:25 PM
From: Jibacoa  Read Replies (1) of 29382
 
CCUR Has been on a down-trend since its Jan.9 H at 17.68

Its heaviest recent daily volume of 17,483,300 on Mar.5 was on the down-side.<g>

It seems to have bottomed at the 5.40 level from where it had the up-gap on Apr.26

It has resistance at the 7.85 and 8.10 levels before it can test the heavier resistance from the 8.75 to the 9.30 area. (the last one is the H of Mar.22)

I would like to buy it when it is able to close above 12.20, but that is some distance % wise from present levels.<g>

On its favor is that the last Q was on black ink and that institutions reportedly have been buying.<g>

The news last week of the VOD and pVID do not seem to have had too much effect on the stock price as yet.<g>

RAGL

Bernard
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