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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Sergio H who wrote (8862)6/27/2005 1:35:49 PM
From: Jibacoa  Read Replies (1) of 23958
 
BELM is bucking the trend and fits into Bernard's price range

It is making a 52 wks high, but watch now for its intraday double top at 12.08-12.09PM at the 10 level <g>(Nearest resistance is at 9.97 )It needs to test the Feb.27 2004 H 10.06 and then the Feb.20 2004 H at 10.49 there is probably more resistance at that level since the Jan.23 2004 H was 10.50 After that it seems it should get to the $12 level as its longer term chart would improve substantially.<g>

The revenues and earnings for the 1stQ were good compared to last year, but didn't look good on a sequential basis and the insiders have not been trying to help with their recent sales.<g>
ttp://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=belm&sid=0&o_symb=belm&freq=1&time=8&x=22&y=18

The DOW is trying to hold above 10290 in spite of the oil above $60. Will see if it can do it.<g>
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