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Strategies & Market Trends : Three Amigos Stock Thread

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To: Magnatizer who wrote (6312)6/23/1998 1:04:00 AM
From: Amigo Mike  Read Replies (4) of 29382
 
David,

While I value your TA expertise ...... I may disagree with you on AIRM. The stock is far undervalued still. News of new ground venture today with EMX was a bit better than I had anticipated.

Seems the market may have been somewhat surprised also.

Anyway, I disagree on the $4.50 target you mention as $4.75 was three year resistance point for AIRM chart. I would be VERY surprised if AIRM went any lower than $4.75 or even made it to that price. I'd expect it to hold above that level going forward ... barring any bad news (which I don't believe there will be any). I will do my part to keep price above $4.75 as I have GTC limit buys on AIRM at that price. Remember someone with deep pockets bought 95K at $4.75 the other week also. I'll be very happy to pick up more at $4.75 but I don't expect it to get there. I think the $5 level will hold then move to 5 3/4. After that ... there will be no limitation on the stock.

Amigo Mike
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