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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cornstock who wrote (576)	2/13/1998 2:27:00 AM
From: DanZ	Read Replies (2) of 29382

I just wanted to offer an alternative viewpoint on ATCI. The stock closed back inside of the daily and weekly bollinger bands today and I think it has downside risk to at least 5 3/8 and possibly 5. The stochastic and RSI are showing a loss of upward momentum and a down cycle is probable. I don't think ATCI is a good buy at 6 from a risk to reward perspective but it does look like a good buy at 5 1/4 or 5 3/8. Best of luck if you buy it tomorrow. Dan

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