Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Galirayo who wrote (811)	7/19/2005 10:43:50 PM
From: Jibacoa	of 1404

BELM Was up 3.36% today, closing 4 pennies below its intraday H. The RSI has been rising since July 7 and it seems it should be able to test its June 27 H at 10.11 If it can do that it will be a 52 wks. H, and it would have to deal with the January February 2004 H at the 10.50 level. However, I think it could get to the $14 or $15 level.<g> The revenues on the 1st Q were 22% better than in 2004 and earnings improved 150%. The EE for 2005 are around $$0.68 vs. $0.40 in 2004 and for 2006 the EE are around $0.85 I don't particularly like the large LTD. This month "The Street Walker" in Forbes had it among his "5 Nasdaq Stars" and Cramer from the Street had it on his Bearish List,which is probably a positive.<g> bigcharts.marketwatch.com This is the longer term view, which makes me think it could hit the $15 level.<g> bigcharts.marketwatch.com Bernard

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