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To: Berry Picker who wrote (23737)7/28/1999 1:18:00 AM
From: Charles Kalb  Read Replies (1) | Respond to of 26850
 
Brian.....I did not appreciate that Tuesday's range was an inside day, but the past two upward price movements started from inside days (6/22 & 7/2) and the big run to 5.30 which started on 5/19 was only two cents away from being defined as an inside day. The bottom Bollinger band (standard definition) is at 3.01, 2.7 % above Tuesday's close at 2.93. There are trading systems based on Bollinger bands that would have issued a buy at the close today if the close had been above 3.01.

Charles

P.S. Rocket Red: Agreed about the $3 level and the margin calls.