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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Todd D. Wiener who wrote (78)5/8/1998 9:14:00 AM
From: Dave Hanson  Read Replies (1) of 103
 
Todd,

Thanks for the reply.

I've been pleased with LUFK's action also (been in since Feb at 30.5, and have no plans to sell soon), but am looking for some confirming volume. It seems to have been a very few dogged little guys that have kept it above $36 the last few days.

As for SIRN, what indicators are you gathering the $7.25 support level from? That's just above the 14 DMA.

I agree that if there's a down day today, it will likely take a near-term breather. As support seemed less firm yesterday, and the market's been a bit spooked about rates, I took the opportunity to get out at a small profit, but will be lurking for another chance to get in. The excellent performance of retail and apparel, as widely reported yesterday and today, would seem to bode well for both SIRN's stock and its business.

Regards,

Dave
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