<..Do you think the new trading range is 40+? I want to get in and buy
more but would, naturally rather do it 38.5 range. Any realistic hope
of it dropping to that level and if so, what timeframe would you
estimate based on your charting, auctions, etc.?..>
No clear idea, but would not be surprised to see it retest support at 35, or even 32. I DO think that institutions are looking to buy at these levels, as 55 in 12 months is a highly likely, conservative target and that STILL will outperform the S&P (at 40+%). And the upside from 55 (say by March 99) is pretty strong, where I don't see a lot of downside from here if they perform even moderately.
All, of course, IMO.
On the road, will check in sometime tomorrow.
Regards-
Steve
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