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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Denice who wrote (7810)11/14/2000 3:16:47 PM
From: Logain Ablar  Read Replies (1) | Respond to of 30051
 
Denice:

Depends on the market so its too early to say.

Its had some pretty good technical damage and a week ago I would have said yes. Now it has to get by some resistance areas, with $73 area being the toughest but now also $60 & 66. I think the sector is a winning sector and CMRC is positioned to be one of the winners. Even in a slow down companies will spend money if the cost benefit is there.

Last I checked volume was light so I expect a retest. We need to see how high it goes on this bounce and how much of a retest it has.

Tim



To: Denice who wrote (7810)11/14/2000 4:02:07 PM
From: Bosco  Read Replies (1) | Respond to of 30051
 
Hi Denice - re: CMRC, FWIW, this is from briefing.com

09:41 ET Commerce One (CMRC) 55 7/8 +4 1/16 (+7.8%) : -- Technical -- Surges higher to retest trendline off Aug/Oct lows near 57. Initial resistance on a break is at 100 day simple ma (58) with a more important ceiling at 64 3/4 (200 day simple ma).

My ave cost this time around is 60.

best, Bosco


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