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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: RGinPG who wrote (7840)1/13/1998 12:30:00 PM
From: Thean  Read Replies (3) of 95453
 
Ron, don't be too rigid in sticking with the 40 days moving average. Use stop when the price gets near that 40 dma number. Since we keep seeing Dec's ghost, I feel very comfortable saying that will be the first resistence. Then we probably will go back down and gyrate in a trading range for the next two months.

Heyward - I find MTEL less risky than the drillers right now. If you break even on GLM, think about selling half (or whatever). MTEL is the right technology stock to own. I say MTEL beats GLM to the 30's this year. Its very strong support is at 18 1/2 - 19. Can't say that for GLM.
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