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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Mark Konrad who wrote (22390)3/20/2000 1:29:00 PM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
UIS hasn't broken below 25 since last fall when an over-reaction drove it down to the 22 range from 50 where I loaded up. Sold at 33-34 for a great profit. Traded it again from 27 to 33 and am now doing a repeat. There is nothing to merit this fall as things are improving for UIS. My point is that the support seems to be right here just below 26. I don't believe it's going any lower. In fact I think it's headed back to 33 soon. UIS is a laggard sometimes but always follows the IBM's of the world up after they make their move. This is happening now. Perfect formation. Bottomline I see no downside from 25-26.