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Politics : High Tolerance Plasticity
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To: bob oserin who wrote (20687)12/5/2003 12:06:01 AM
From: kodiak_bull  Read Replies (1) of 23153
 
Bob,

No idea on the short term move, but the chart is fascinating. If you can look longer term at a weekly chart stretched over 3 years you can see a really interesting but slow as molasses bottom pattern being played out. But volume has never regained its maddening levels from 1999 and 2000. Techically the stock is right about at a level of resistance. If it breaks through here it faces another one at 7.50.

You could play a small slice here, trying to get in on a reversion to the recent mean (about 5.50) and hope that what the volume is saying (bullish) will continue to apply to the price. Then when it gets to $7.50, you have another decision to make. 5.50 to 7.50 is a 36% gain, nothing to sneeze at, and certainly something worth aiming for.

Kb
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