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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32727)	6/11/2001 11:53:34 AM
From: Return to Sender	Respond to of 68465

ACTM is getting the bounce I expected today from the mid 14's. I did not buy any though because I agree there are fundamental reasons to worry. That along with the fact that the NASDAQ is going nowhere until the SOX finds bottom again. MWAV looks interesting if it dips as low as 6 I would consider buying. Low float stocks have been very good to me Harry but you cannot buy them on a breakout because the breakout moves are not well supported at all and they seem to fall faster than they move up. The only way to play a low float stock for me is to buy it when it is selling off as ACTM was doing today. If the lower Bollinger Band is violated with an RSI approaching 20% then there is a good chance the direction will change. Then if you wait patiently you can trade out at higher levels or if the market or company fundamentals improve you could end up with a stock like ASYS that has developed some potential support lately. finance.yahoo.com Thanks for looking at ACTM and for having me look at MWAV! RtS