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Microcap & Penny Stocks : Electronic Clearing House Inc

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To: ratlong who wrote (358)	11/30/1998 10:48:00 PM
From: Ken W	Read Replies (2) of 1038

ratlong, While I'm no perfect trader, may I offer an opinion on entry points for ECHO. You did not miss an entry point as yet. There was a good deal of overhead on the stock in the 1.87 to about 2.12 area. I would guess that the major portion of that is now gone and will no longer be a problem. It appears to me that there is some suppot at this point (like really short term) at 3. I surmise this as there was no more selling today under three once the daytraders were out in the low 4 hight 3 area. At this point I would shoot for an entry anywhere between 3 and 3 1/2. of course the closer to 3 the better. On the opposite side of the coin, selling occurred in the 4 to 4.25 area which now may become a short term hard spot to go over. This is just my opinion as I got in at 3 even today, thought about taking the point but passed in view of the volume and that is only Mon. If volume and price continue (no huge spikes please) then will hold through the (rumored press release) Ken

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