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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (3494)	1/31/1997 10:31:00 AM
From: Trader X	of 6124

re SYCR TA.................. The stocks looks like it is going to settle in this 2 to 3 range to consolodate for a while. There seems to be just too much overhead supply (people who bought in at much higher prices) that will be a burden on this stock until it's all released. Stocks that simply shoot straight up are ones that have done that before, and there are no investors who want to unload on rallies. SYCR has been to the moon and returned to Earth, and now it has to deal with it's past before it can move on. That said, the stock has generated enormous momentum from last week, and tons are people are watching to see what happens next. I don't think we will know for sure how the stuff is selling until earnings are either released or forecast. I do think the stock will move generally higher on speculation wthat earnings will be good. But the moves will be in starts and jerks due to the resistence from old investors. KH

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