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Non-Tech : Invest / LTD

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To: Alski who wrote (5200)11/9/1998 8:00:00 PM
From: Thean  Read Replies (2) of 14427
 
Alski,
PRMS - indeed surfing the upper BB higher. The problem is its got a small resistence at 14 1/4 (today's close) and its long stochastics is showing way overbought. Today's slide from its outside upper BB may indicate it has got some pullback to do but it should resume its uptrend when this "correction" is over. It is hard to tell if this is a correction or the top for 1998 but if the small cap rally continues it should also continue to participate. Tell me about its fundies if you follow this company.

HERBA - another chart pattern very similar to PRMS. Very impressive especially since it did not dive at all last week when RXSD ate crow. Resistence at $16.

PMRY - it announced earning after market today and it met expectation. Management continues to be positive about their business going forward. Trading at 11 PE, one can't go wrong with this small cap. Today it held the $17 support and if it moves higher tomorrow, it is a good bet it may have seen the bottom with $17 be the support. A thing to watch tomorrow is it does not close lower than $17 1/2 (midline BB), but definitely not below $17. These supports are especially important if we get another round of profit taking tomorrow.

ALKS - a biotech with some specialty chemical play. It reports tomorrow and people will look for positive comments by the management since its partnership with GNE is going to file NDA soon. On the chart it is on the verge of a possible breakout if it closes above $22. Tomorrow should be really interesting because if people sell it down $22 would be a put in as a resistence tested and held. If it breaks out then $22 can become the support going forward. Should know pretty soon.

I have had problem connecting to SI as of late. Do people have the same problem? I may have to use a different web address to connect to SI. If anyone has a fail-proof address to SI bookmarked, please copy me.
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