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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (3724)	1/11/2005 7:08:58 PM
From: rrufff	Read Replies (2) of 8752

I'm not as concerned about the SEC long term, as that should just be a slap on the wrist, as I am about the slow down due to testing and safety and with many competitors trying to steal their business. This is a momo and hype play and anything that hits that is a killer given that it was previously priced for perfection, much like the Sat Radio companies we have discussed. I was looking to trade the falling knife. Fortunately, being the coward I usually am with these things, I've held back. I could single digits but there are many who follow this and will look at it as a bargain and there will be some retracement upwards. Correct me if I'm wrong, but the charts you posted indicate that we could be near the end of the drop, as oversold, but there certainly is nothing close to a buy signal. Both your Williams and Stochastics give you a sell signal right before the big drop. If I'm reading that right, I'm very impressed!!

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