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To: Sergio H who wrote (12071)1/14/2003 4:19:52 PM
From: Jibacoa  Respond to of 13094
 
Sergio:

I am not just following it, but am also long on it, but I think we have to watch it more closely as it gets close to its level on April 25.

You probably remember that on April 26 there was a good down-gap (gap from the April 25 C of 6.50 to its April 26 O at 3.98 gap= 2.62)

At today's close of 5.29 the stock has now closed most of that gap, but I will feel better about it when it can close above the 6.50 again.<g> (The resistance from its December & January Hs at 9.15 and 8.85 is not important at present, since that would be a substantial % gain from present levels.)

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Bernard