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

To: Johnny Canuck who wrote (39936)	7/18/2003 2:58:04 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69262

ATS pulling back to the break out point. Cash per share is $3.05. Cash minus debt is appropriately $2.65. There is a gap around $2.85. Support at $3.05 should hold for the first try to the downside. If the COMPX holds 1684 an openning position at $3.05 might be considered. To be safer the gap at $2.85 would be a more logical entry point. This is a China play. Unlike most plays it is actually cash flow positive. This is a thinly traded stock, so it is not for the faint of heart. Stop loss is at $2.55/$2.60.