Coinmachine Laundry -- WDRY Message Board

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Non-Tech : Coinmachine Laundry -- WDRY

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To: Mike Greene who wrote (57)	2/17/1998 8:50:00 PM
From: Kip518	Read Replies (3) of 116

Mike, 23 3/8 is 1/8 over today's high. If it were me, I'd use that as a buy stop price not a sell short price. If the stock reaches 23 3/8 there is no technical reason for it to stop until it hits 25 (probably in a fast short squeeze). But 25, or pennies over 25, is as high as WDRY can go without breaking the downtrend line. I'm not sure where to price a re-entry yet. I'd most like to see it fail in a move to 23 1/4, then I'd jump on it. But given, MF's little slam on the stock tonight I'm not sure I'll get that chance tomorrow. Good luck, Kip

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