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Strategies & Market Trends : Three Amigos Stock Thread

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To: Magnatizer who wrote (10992)	12/5/1998 11:19:00 AM
From: Sergio H	Read Replies (1) of 29382

<MDMD> TA: Looking at the chart, you get the sense that the stock will fulfill its symmetrical mission and move up to fill the gap created by the strong gravitational force that drove it down 70% in July. MACD buy signal. Recent 13 day moving avg. crossover also bullish. The daily volume has been erratic ranging from 9k to 234k. Consistent voluminal pressure is needed to establish a breakout. The last two sessions the stock has traded over the top Bollinger band. I believe that we're going to see the price retest the bottom of the Bollinger band before we see a breakout. xxxxxxxxxxxxx Interesting stock Dave. Did you notice that MDMD insiders sold shares in the 20s before the stock nosedived in July. The Co. also had a secondary offering in June at 19 3/8. Those institutional buyers were deep in the red within a month. For an interesting comparison, take a look at ADVH's chart. Similar companies, similar drops in July. ADVH though is still flatlining at the bottom of the pond, selling at about 15% of its book value.

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