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


To: Sergio H who wrote (20044)5/28/2000 10:39:00 PM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Sergio,

oh, oh, oh....the bride owns some LU from a little while ago. <GGGGGGGGG>

In answer to your ATMS question: slow, grinding, nasty downtrend in effect here. 8.25 looks like a head bang. Working its way down to mid 5's before becoming oversold enough to even consider entry. Barring anything exciting in the news this is one of those mis steps by the smart market. Watch the 200dMA for your cue.

Ken



To: Sergio H who wrote (20044)5/29/2000 10:57:00 AM
From: James Strauss  Respond to of 29382
 
LU...

Sergio:

LU has successfully tested the low 50's area 4 times:
bigcharts.com

It's now bouncing upward on good volume... A return to the old high at 84, before the spinoff, would return 50% in 3 months... I'll take that in this market... : >

Jim