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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (19387)	3/1/1999 3:51:00 PM
From: DanZ	Read Replies (1) of 53068

GUMM. GUMM made a very bullish move off chart support at 9 3/4 a few minutes ago. The stock has successfully tested that price several times over the past few weeks and came off it today with vigor. The current offer is 11 and the stock traded close to 40,000 shares on the way up. That's big volume for this stock and given my read of the chart, this is a very bullish move. The stock has been forming a triangle on the chart with lower highs and higher lows. It was in the apex coming into today and broke out to the upside on this move. My short term target is 15 but I'm planning to hold this stock for the long term. I think that it will trade to 30 or 40 in the next 12 months. Don't laugh! LOL. Dan

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