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Pastimes : Ask Mohan about the Market

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To: Bipin Prasad who wrote (10142)	12/4/1997 1:47:00 PM
From: Barbara Barry	Read Replies (2) of 18056

BPP, I am not pro but I'll try. Volume has diminished but it is sitting near some key support. That support would be (IMHO) at the August highs. Congrats on picking it up at $6. But if it were me, I would take profits if those summer highs were taken out ESPECIALLY on higher volume when the market is rising. Try and track the large block trades(over 10k)and see if they are at the bid or ask.(not a techie thing,but it helps me)A trend line was broken on that big down day but if you draw a new one from July you are still o.k. Hopefully for you a base may be building.There is the notion among TA's that a 50% retracement of a big run is o.k.....not me...I hate to give up profits.:) Do you want to hold to 8+? So I would hold but watch that ($9) range.I hope this basing will lead to another leg up closer to ~12+ for you. Anyone else have any thoughts for BPP? WARNING! This is just my simple opinion...remember"Simple things for simple minds" :) Good luck, Barbara

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