STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Sergio H who wrote (933)	12/31/1997 12:33:00 PM
From: Trader X	Read Replies (1) of 2377

Sergio, took a look at ADMG and AIRM, TA-wise... ADMG: chart4.bigcharts.com:80/chart?time=8&freq=1&uf=32&lf=268435456&type=1&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=admg&ma=3&comp=&trans=0&r=chart&sid=2407&sec=c&xyz=51915750&s=3888 I really can't like this stock on a technical basis. While some support is found near $3, the REAL price/volume brakout came at $2 1/2. That's where I'd expect strong support to be found. Meanwhile, the price is currently under the 10 & 20 day MAs, and resistence close at hand at 3 3/4. I'd wait for ADMG to do more work, then buy on a break over 3 1/2 if volume is heavy...unless one wants to take a chance closer to 2 1/2 with a tight stop in case of a breakdown. AIRM chart1.bigcharts.com:80/chart?time=8&freq=1&uf=32&lf=268435456&type=1&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=airm&ma=3&comp=&trans=0&r=chart&sid=1108&sec=c&xyz=52724546&s=779 Likewise, I don't trust the technical action in airm. Although there should be considerable support in the 2 3/4 to $3 range as it has diplayed the past week, the volume recently is not impressive, and the pattern looks like a typical downtrend flag rally. After the initial support has played out, we could be in for further erosion close to $2, testing the 52-week lows. Further, resistence 3 3/8 should provide a damper to any extended rallys near-term. I'd like to see AIRM get above it's 10/20 day MAs first off, then take out the resistence level. sorry to be throwing cold water on your picks. got any others you like? -kevin

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