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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: JoeinIowa who wrote (1063)1/16/2003 5:44:36 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Joe

There is very little resistance to ALU at 4.00. Look at the chart to see that there was only about 5 days of trade at that level on the way down. I don't think there will be many that want out even at that price. There was a strong bid at 3.80 for 3k each time. One filled the other did not and someone took out the ask at 3.85 right at the close. Buying at the open was strong too at 3.90 on 4900 shares.. The only fly in the ointment was some fool that thru in an ask of 3.98 when the 4 ask showed up.

There is always going to be sellers on any stock, as you well know, regardless of the trend. I've still not sold any shares. 5.25 is my target on half of the position of 7k shares. That will give me 3.5k shares absolutley free to go where they may..

Ken