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Strategies & Market Trends : Yeehaw candidates short-term picks

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To: lostmymoney who wrote (325)2/9/2004 11:38:18 PM
From: Ken W  Read Replies (4) of 466
 
Mike

AAC

siliconinvestor.com

I'm using an SI chart because the gaps are easier to see.

I don't see a lower gap, but do see two overhead at .99 and about 1.07. The 50dMA has continued to improve, now at .79...I fully expect the stock to test that average soon. I was too early on the 1.02's (feeling that .99/1.00 would hold) Oh, well! I will be buying if it tests .79/80, both technically and fundamentaly. The warrant holders are able to excersise at .8021...suppose there is a reason to support the stock at that price?

You have to remember too Mike that AAC on Jan. 9th was at .70 went to 1.15 over the last 30 days and is now in a correction phase. We've made some good money trading it and will make more soon.

Ken
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