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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (4208)10/13/1997 12:58:00 PM
From: HeyRainier   of 9262
 
[CCSI] Ray, I have this big cheesy grin after looking at this stock you, and Rebecca pointed out. I like what I see. That's an ascending triangle all right, and I like its approach to the apex as its technical indicators are gaining strength. I don't think it would hurt to probe and take a position now, and later on to add a buy stop at 15 1/8 to add to the position when it breaks out.

On another note, what do you think of SHVA?

Lastly, I have an interesting situation you might want to look at. It's an arbitrage situation with QUST and QUSTP(the preferreds). Right now, the common and the preferreds are trading neck and neck, yet the preferreds convert to 1.4375 shares of common(as I understand from the thread). Going long on the preferreds and shorting the common will lock you in with a 40% profit once the conversion in 1998 takes place.

Take a look.

Regards,

Rainier
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