Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Pluvia who wrote (19152)	3/10/1999 2:26:00 PM
From: Mr. E2u	Read Replies (3) of 122087

News on OMGA---- This was taken from an email I got today. Kensey is plugging OMGA which may have added to the stocks rise today. He is fairly influential but he can run both hot and cold on his picks. Good Luck (I hold no position and don't have any plans to go short yet) Brad 'kensey' has recommended OMGA (Long) 'kensey' said: Solid uptrend characterized by short and sharp upside bursts on high volume followed by a consolidation above the 13-day EMA where intraday volatility contracts to a point where price movement all but stops. The last consolidation happened at around the 8 dollar a share level and this consolidation happened at around the 11 dollar a share level. Now prices are starting to lift off and shares are trading here at 11 7/8. Volume needs to accelerate to confirm. Price action is mirrored on the stochastic indicator graph - the stochastic lines reach a near oversold level and then start to curl up once the next leg in the uptrend launches. This is happening here. What we want to see is navigation of the stochastic lines back to the upper reference line which represents the overbought marker. If the stochastic lines start to turn back down, that would indicate that an expected upside burst is not in the works. Since the stock is way above where it was in January a stop right near the lift off point is recommended. This is at the approximate 10 3/4 dollars a share level. Each stage in this rally carried the stock to a record price high quickly. Any evidence that this is not going to happen here would cause me to exit this trade. Once it's started to move, it's tended to get to a record price territory within 3 trading days and volume has accelerated. Shorting Texas Instruments as a hedge against a fade in tech. This stock has tended to fade off such severe price bursts. THe stock is also at a point of resistance, having gotten to the lower 100's twice in the recent past only to fall back. kensey See the annotated graph of this recommendation at: clearstation.com +-+-+-+-+-+-+-+-+-

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