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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: JustTradeEm who wrote (6886)	3/22/2005 12:38:15 PM
From: Walkingshadow	Read Replies (2) of 8752

Hi JTE, DNDN is in a long term downtrend: stockcharts.com[w,a]waclyyay[de][pb50!b20][vc60][iLg!Lp14,3,3]&pref=G This was confirmed with a bear cross, so DNDN is dead money: stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iLg!Lp14,3,3]&pref=G There is evidence of periodic short squeezes, and DNDN is testing old chart support: 139.142.147.218 Now DNDN is oversold, and there are technical buy signals: 139.142.147.218 This makes DNDN a good short-term long position, and a move up to test (and likely fail) at the region of the descending 40 ema (currently $6.63) and 50 sma (currently $6.60) is likely. So DNDN is probably a reasonable short-term long position, but with a rather unfavorable degree of risk because of the downtrend. However, the fact that over 40% of the float is held short pretty much neutralizes that risk IMHO. I'll look at the others when I get a chance later. T

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