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Strategies & Market Trends : Multi-Day Momos -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Burg who wrote (396)	10/9/2004 8:29:13 AM
From: Lawrence Burg	Respond to of 397

Couldn't resist started a trade on IRBO. volume continues to build. The play is for the 9/28 study. stockcharts.com left side of the P&F is a pretty nice little lottery ticket. 1 yer daily period looks good here, custom.marketwatch.com along w/the ADX/DMI. If volume continues to run, it might pay to run with it. Profile is sparing, but not bad. they have one here @ SI. OS is 28M, w/18 float, and 53% insider held. Interestingly, they did a 2:1, back in April, with the price around $1. This is a great/strong move, imo, as the price must have been stable and unmanipulated. A larger desired OS, to me indicates that they want a wider more stable distribution of shares, w/o diluting equity. Gonna start up a board here at SI, to see what comes up. Maybe RB too, as nothing seems to be there.