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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (6)9/22/1998 7:00:00 AM
From: Wayne Rumball  Read Replies (1) of 11130
 
Now that the niceties and introductions are over, lets talk momentum.

CAWS closed strong, lets see what happens today. May take some out at 0.12, or not, if it looks strong.

If it looks weak, well every man for himself.

Anyone with news from the bankruptcy hearing? Was last Tuesday or Wednesday I believe. Really bad timing for CAWS. FCC ruling would have been better 2 months ago.

If we are really lucky the judge in the bankruptcy hearing may have been sympathetic to shareholders. Or maybe pigs will learn to fly. No matter, people are buying in any case.

Still holding PTHR, looked weaker yesterday, but buys still outnumber sells last couple days. Might be time to get out if more sellers show up.

PHV - maybe there are just way too many shares out there for the thing to do anything. Looks like it closed on all buys.
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