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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (52306)	6/1/2004 10:29:28 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 57110

Hi Libby, I do think that the cost of energy is gonna be a factor going forward, along with rising interest rates. I am relatively bullish on TGT and wouldn't be surprised by a 10-12 pt move by the end of summer. I am less bullish on CHS based on the chart. I started watching CALM last week and sent a buddy of mine the following email this morning. CALM is juts getting play on the messages boards today. Virtually nothing before today. With the move today and the short interest where it is, it looks bullish. Various momentum indicators are having a bullish divergence (MACD and RSI). The chart doesn't look great, but it doesn't look horrible. I couldn't find any negative news and most of the fundamentals in the past couple of months look bullish (announced dividend, withdrew 5m share second offering). I would be afraid to short this one and consider the risk in going long to be minimal. Resistance around $22, but I think there is potentially a bigger move in the works.