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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Mike E. who wrote (11450)8/25/2000 10:39:38 AM
From: stan s.  Respond to of 49816
 
EMLX, hope nobody here got burned long. I went back and read what I posted on EMLX last night since I've been covering it for quite awhile.

verbatim.

another incredible day for EMLX but a couple of things to note. Some bona
fide resistance coming up at 117 1/2 if it stalls...I would exit. I think you may
see a lot of short pressure come into play starting then and now.

On a dip I would not let this close under the 200 day ma at 92 1/2 and that's
even giving up way too many points.

If for some reason it makes it over 117 1/2 at a close...look to the 130's as
resistance, but don't count on it getting there without a pause.



To: Mike E. who wrote (11450)8/25/2000 10:40:19 AM
From: Wes Stevens  Respond to of 49816
 
I would not try and play the bounce on this one. Something really stink. A hardware company should have no accounting issues. There will be a lot of law suits on this one.