Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: David Alan Cook who wrote (672)	1/22/2004 1:55:44 PM
From: Jibacoa	of 1404

Dave: MTIC remains on its UPTREND that started on January 8 from the $2.35 level. It seems that is still benefiting from its announcement on Jan.6 that it is now a member of EMC's "Authorized Services Network". <g> The stock is now trading above its Nov.14 H of 3.05. As you may remember, the volume that day was 1.045M which was almost as high as the volume of 1.108M on September 8 when the stock also had an up-move from 1.25 to 1.65 <g> Although the last Q (Sep) results were not good compared to the 2003 Q (since revenues and earnings were lower than the previous yr.)they were better on a sequential basis and it seems the final 2004 results after the 4thQ in March will be better than the $0.34 loss for 2003 which was also a good showing compared to the $1.83 loss in 2002 Today the stock is making a new 52wks H and it seems it could get to test its January 2001 H at 5.38 which would be a good % gain from present levels. bigcharts.marketwatch.com From a longer term perspective, the stock has plenty of room to run.<g> bigcharts.marketwatch.com Bernard

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