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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (3524)	8/1/2000 3:11:31 AM
From: Jeff Bond	Read Replies (2) \| Respond to of 6516

Nice read, thanks tekboy. Technical blah blah blah to follow: Setting up nice for a cup & handle breakout. Pivot price about $79-80, volume on breakout should be 6-7M, and next parking spot sitting right around $99-100 range. General market will set timetable. If correction in Aug-Sep, then GMST bases with breakout after correction is over, otherwise it will power sooner than that. Classis, textbook cup & handle, MACD strongly remaining and reversing at midpoint (zero line), Stochastics rebounding, Williams %R coming off selloff. This is the stuff dreams are made of for T/A nuts. Pure breakout play would wait until stock breaks out at $79 range on large volume of 5M+, and execute limit buy order at $1/8 above pivot point. Sell rule would be 5-8% below buy point if breakout fails, otherwise run it to $100 range for quick 20% gain. Just my 2 cents worth, that is if my play was a 20% gain on a 10 cent investment in GMST :o) Liking what I see, best to GMST longs Regards, JB