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Technology Stocks : Stock Swap
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To: Galirayo who wrote (12102)2/13/1998 3:54:00 PM
From: Trader X  Read Replies (2) of 17305
 
Dealing with failure... ALYD.

I recently posted the ALYD chart and predicted that it was about to breakout of the tight pattern it was in and head into the 20s.

Turns out I was all wrong. This stock has failed miserably on higher than normal volume and is a marginal disappointment now.

The stock is still within the confines of a major consolidation pattern, but I would consider a break of key support at $14 to be a sell signal.

-Kevin
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