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Strategies & Market Trends : Three Amigos Stock Thread

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To: James Wright who wrote (7876)	8/19/1998 9:50:00 PM
From: Sergio H	Read Replies (2) of 29382

Jim, you forced me into a TA discussion. I don't do this often, but.... Of the 3 stocks, two are trading below their support levels. I'm using the 25 day and 200 day trading avg. to define the support level. SAVLY 25 day avg. 34.09 200 day avg. 41.75 ANLT 25 day avg 30.51 200 day avg.34.75 THNK 25 day avg. 24.55 200 day avg. 17.96 Only THNK is trading above it's support level and that level was almost tested today. I appreciated your comments on CADE a few weeks back and your illustration as to how it broke under support and it would take time to repair. Did you read about more companies cancelling their IPOs today ? Not a good confidence reading. I am watching ANLT carefully because they need cash and were planning a secondary offering to continue their expansion. Hopefully that offering will be re-scheduled in the near future. Sergio

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