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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (41666)	3/25/2001 1:06:08 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 56537

I am not sure about KREM, normalize its last three months prices against either the Dow or the naz, and you will see that it is really very well supported here, you have a possible $12, but only if $31 or so is breached, on the other hand, any strength here in general would move a lot of money into that one. As a betting man, I would buy it here in the $35 area with a stop at $30-3/4 rather than short it (at least for the next few weeks). For whatever reason, it is not a "broken" stock, and you will be betting against the "house" with a short, IMHO. Mind you, I am no talking about "valuation" purely a technical picture... Zeev Zeev