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Non-Tech : Invest / LTD
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To: Rich Wolf who wrote (7652)3/6/1999 3:16:00 PM
From: Thean  Read Replies (2) of 14427
 
Thanks Rich, a nice write up on VLNC.

I think VLNC is also a buy here from TA standpoint. Its support is in upper 6's (from the trendline connecting all the low's of 6 months)and if it closes at 6 3/4 anytime next week and bounces upward from there, the sign is clear that VLNC is about to move higher. This coincides with the end of March timing for a PO announcement. In the event this PO does not materialize for whatever reason, VLNC should trade to the 5's to find support. Net, a risk of losing $1-2 over 3 weeks versus a reward of making >$3 in the same timeframe. Maybe an April 7.5 call would be good.
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