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Strategies & Market Trends : The Rational Analyst
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To: Scott H. Davis who wrote (1288)7/23/1998 2:12:00 AM
From: HeyRainier  Read Replies (1) of 1720
 
[ ISIP ]

Scott,

There is extreme price congestion up to and at the $19.00 level. Any sell between $18.00 and $19.00 is a good selling point IMO based on the stock's supply/demand relationship.

In the event that a higher high is hit, I would expect it to stop at a maximum of 20.5, at which I would probably consider a short position because of the likelihood of a pullback from such levels.

But that's Super Dave's territory. That's his new name now, by the way. <gg>

Regards,

Rainier
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