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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (910)8/6/1999 11:42:00 PM
From: Ken W  Read Replies (1) | Respond to of 1316
 
Jim,

"Why are you sorry"

BEAM Jim, I thought that you liked the stock not too long ago. I'm short the stock in my personal portfolio. The break under 19 on over 3 million volume signaled weakness in the stock. 20 has now become resistance and a break under the 50 day moving average. The 200 day is just over 10 so I would expect support in that area if the market continues as it has. Having moved from 3 to 29 in the last 52 weeks is un sustainable for any stock, particularly since the majority of the move has been in the last 4 months.

Ken