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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: adcpres who wrote (36774)11/30/2000 10:56:26 AM
From: Paul Shread  Respond to of 42787
 
Looks to me like it broke an 80-point H&S at about 140, which would give it downside potential to 60. However, I think I'd wait for the forthcoming bounce and short it at 130-135. Good catch. I suspect there's a lot of companies out there that haven't met their full downside targets, but will eventually.



To: adcpres who wrote (36774)11/30/2000 11:36:33 AM
From: chip  Respond to of 42787
 
I think EMLX is just a little behind others in "Plungeland". I sold my shares at 162 about a month ago when it looked to me like a top was possibly forming. I think Paul's assessment of a possible drop to 60 is pretty reasonable.

Chip



To: adcpres who wrote (36774)12/1/2000 3:40:21 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
Hope you shorted EMLX today. JNPR turned back at 140 for the second time.


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