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


To: lostmymoney who wrote (3752)11/19/2003 9:27:40 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Mikey

GNLB chart looks pretty good to make a run at 2.00 (.02) higher than today's high. However, and you may hate this part...they are selling it just under 2.00 on ya.

stockcharts.com[m,a]waolyyay[pb50!c13][vc60][iUb14!Lp14,3,3]&pref=G

The weekly chart says 2 or just over is doable, but change this to a daily chart and the picture says they are quietly leaving the room.

Note that the 13 period MA is at 1.75ish, if that can't hold on any large pullback then the stock is toast for a little while.. Again, keep in mind that this is ONLY if all things remain the same with the company. A good news release could change everything as well as a bad one. For instance INAP is holding the 13dMA at 1.62 (yesterday) and made a higher low today. I would expect a little bounce day tomorrow due to some short covering...The pro's know to always short the first 52 week high (good for 10 to 12% everytime) Insider sells have not helped any either. LOL However, the trend at this point remains intact..I'm just hoping for a fluke on the gap fill at 1.54ish to get some trading shares.

Ken