Yeehaw candidates short-term picks Message Board

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Strategies & Market Trends : Yeehaw candidates short-term picks

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To: JoeinIowa who wrote (288)	2/2/2004 7:57:07 PM
From: Ken W	Read Replies (1) of 466

Joe AAC top. Just a TA call Joe. The stock is becoming hugely overbought on the daily and weekly charts. The monthly is showing a shot at 2.00. Those that bought at 1.00 and below are entering the 20% profit range, I expect some profit taking in the mentioned spot. Also, notice that the upvolume is beginning to deminish. The previous two up moves were on 6 and 8 million shares today's was just over 4mm. I could be way off here, but the charts and my gut says that is time for a correction. Not to say that the stock will drop back below 1.00. I doubt that very much. Thus far there has been nothing to drive the stock of a public nature. Earnings are not until Mar. 29th so lack of a catalyst has me thinking that this has been mostly momo and some shrewd trading. :-)))))) Ken

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