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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: quasi-geezer who wrote (630)	1/10/2002 7:06:38 AM
From: ChrisJP	Respond to of 16631

Hey Baldy, believe it or not, when I bought MTON at 31, many technical indicators suggested it had s/t bottomed and was heading higher. I didn't buy many shares. Next support area is around 24 - 25. MTON appears to have a rather large short position, and Yahoo says they plan to report earnings on Feb 8th. So unless there is something fundamentally wrong with MTON, maybe MTON will head lower/bottom for 2 - 3 weeks before the shorts begin to cover ahead of earnings. Chris