Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Jazzss who wrote (9582)	4/28/1999 1:52:00 AM
From: keith massey	Read Replies (3) of 62348

I never said it wouldn't break the Nov 97 high. I was just pointed out that the stock is right at a resistance point right now. If it blows right by this level on volume then it is a good indicator that it will fly for a while. I think the stigma of that era has been lifted and MCF is percieved by many as a new company, therefore I would argue that the old high would not be valid in this case When you do true TA you forget about the fundamentals of the company and just look at the chart. People who bought at $5 will finally get a chance to break even and people who shorted at $5 will remember that this was great short at this price. You can find companies that changed from a biotech stock to a mining stock to an internet stock and kept the same support/resistance levels. It always blows me away how good they work some time. I am not long or short MCF and since a lot of people on this thread are long I hope it flies. Just offering what I saw on the chart. Best Regards KEITH

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