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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (3747)	1/12/2005 8:42:01 PM
From: Walkingshadow	Read Replies (1) of 8752

Hi Reid, I would not be surprised to see TASR trade down to test that level. But first there is chart support at about $12.50 that must be tested. stockcharts.com[h,a]waclyyay[dd][pd20,2!f][vc60][iUb14!La12,26,9]&pref=G Today's candle on the daily chart suggests a bounce into the gap is next on the agenda, and supportive volume was strong. But as we know, TASR is heavily shorted, so I attribute some of today's action to short profit taking, and that could continue for a bit. Still, at some point I agree it is likely that TASR will trade down signifcantly more to test $12.50 area, and very likely down to $10.00. T

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