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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (7446)	1/10/2001 11:11:33 PM
From: Jibacoa	Read Replies (2) \| Respond to of 13094

ALSC: Gave a buy signal and started an up-trend yesterday morning on the 60 minute chart. Was able to close yesterday above the temporary double top from the Hs of Jan.4 & 5. It continued the upward trend today. On the daily chart the stock is not yet on an UPTREND. It has to deal with the resistance at 17 1/2 before it can close above the 19 3/4 level.(Its down-trend comes down from the Hs in Jun.,Sept. & Nov.). They reportedly have more than $14.50/share in cash and are selling below book. They hold stakes in a number of publicly-traded firms, including BRCM, PMCS and UMC. The total value of the company's private and public investments is reportedly around $905 million, or over $20 per ALSC share. Caveat: I am long on ALSC and thinking about buying more. Bernard