A Novel Academy: 56ers in Annapolis Message Board

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Pastimes : A Novel Academy: 56ers in Annapolis

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To: freelyhovering who wrote (2387)	12/16/1997 7:41:00 AM
From: Dave H	of 2403

THIS...A breakout above 2 would be good enough for me. I'd like it to break 2 1/16 though, since that's the more conservative downtrend resistance it is facing now. Downside right now is 1 1/2, and since the stock is at 1 3/4, it's a little too speculative for me right now...waiting for the breakout, since the upside potential is pretty good, it being a mimbo and all. all-time high is up around 7. waiting for a breakout above 2 1/16 would probably give the least downside risk. gw looks like a short to me -- it just broke down through it's acceleration line, which right now is at 7. that should start proving to be resistance. more downtrend resistance at around 6 1/2 now. best support now is at around 3.5, i see this going to at least 4 1/2. stochastics 13,8,8 confirm with lower lows and lower highs.... -dave

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