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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (317)	8/14/1998 2:07:00 AM
From: Cavalry	Read Replies (1) of 7247

magnum hunter resources (MHR) amex last 4 3/8, get a cheap seat on the latest ride up for the oil and gas sector off blockbuster merger, strong bottom support in $4 range for mhr, bounced powerfully off bottom bollinger band yesterday, rsi breakout first time in ages, few back press release said they drilled 47 out of 50 sucessful wells, earnings factored in recent lows in crude prices, upside a lot further than $4 bottom, 7/23 release has much potential, explosive price history shows mhr usually follows through with the moves it begins up and down. Cavalry

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