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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (19902)	5/13/2000 12:10:00 PM
From: Ken W	Respond to of 29382

Sergio: Ed and I have been out of touch for a while. He is just beginning to trade so will need some of our expertise and term explanation. CHK is forming a very nice base between 4 and 4.25, however, the volume per day to move the stock is huge. This is a good "buy and hold" stock for those that want the safety of slow moves. With the uptick everyday of NG futures it is only a matter of time until the stock gets the attention also. Predictions of under supply of NG by end of summer are released daily. DRAX: Unfortunately has received too much attention again in too short of a time cycle. Note that the market makers left themselves a little gap near 2 1/4..so now the support level will be there for a while. I don't put much stock in the after hours trades as there is no controlling factor (market maker) involved. The euphoria of the CNBC appearance etc. I would expect the gap down to get filled prior to another move to the upside. Earnings are due out on Mon. MXTR is making lower highs on each return toward 12, and lower lows on the sell offs so I think you are making the right decision on selling. Since you have held the stock since 7 you still have a nice profit. ACRI........what can I say. John has the article :-))) Ken

To: Sergio H who wrote (19902)	5/13/2000 3:49:00 PM
From: Ken W	Read Replies (2) \| Respond to of 29382

Sergio: Some thoughts on MXTR chart: 207.61.23.98 Look at the large down slope triangle. Draw a line from the top of 14ish to present. The tops are getting lower and lower. A break under the flat line at 10 will tell the tail for a short sale back down to the 200dMA at 8. There still may be a trade or two in this one from 10 to 11, but I think it would be risky at best. The long term Stoch's have been in a downtrend for a while and have a ways to go before reaching an oversold condition. The short term move 3,5,9 are all overbought at this point indicating that the present price will not hold over 11. Ken