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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Eliot A who wrote (4226)	12/8/1997 3:20:00 PM
From: LastShadow	Respond to of 120523

HLYW The technical reversal is pretty evident from the last two days of trading. Its gone up substantially and is above the down trend line formed over the last month. As for serious upside potential, I figured 13-13.5....now since its at 9 and some change, that makes for about 8 grand on two thousand shares. Close to 50% return. Even at 11.5 that would mean a 25% return which is about all one can expect for most stocks in a major reversal. I generally go for 20% average return, but with as depressed as this ticker is, I could see doing at least 35% in the near term. If you need a deeper explanation of technical chart reversal patterns, email me. lastshadow