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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: TATRADER who wrote (9375)6/5/1999 9:44:00 AM
From: GTC Trader  Read Replies (1) of 59879
 
TA,

I just took a look at the chart for DISH. I know that it is above $12, but didn't you used to trade it?

It looks to my untrained eye like it was in a consolidation rectangle from 80 to 120, albeit with an upward bias, and just broke out yesterday. This would give a target of ~ 160, which would be ~ 30 points from Friday's close.

Any thoughts?

HB

P.S. If CPU gaps to above 10 like you promised for Monday, then I am thinking of transferring the profits to DISH <GGG>.
Disclaimer: TA never said that he thought CPU would gap up. On the contrary, the float is too big for a huge move. I am hoping for a point or two in the next few days and even that seems extremely optimistic after Friday's action. Jeanne was right to dump it at 8 5/8 on Thursday, but why did she have to sell the shares to me !!! : ' (
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