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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Gene S who wrote (29699)5/19/1999 2:14:00 AM
From: Doug R  Read Replies (1) of 79388
 
Gene,

Triple is probably a bit conservative. If you look at the recent volume and chart activity it is relatively apparent that the supply is near zero. Now that demand has the potential (operative word here is "potential") to go into a situation of being heavily overweighted, there's a strong possibility that LOCK could move well into the upper teens within a week.
I just got home and have yet to fully assess the dynamic involved.
An interesting note is that the nationally syndicated news broadcasts of the vote refer to the device, not as gun locks, but as "safety locks". This is certainly an interesting situation.

Doug R
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