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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: John_W who wrote (9198)	12/12/1997 9:29:00 AM
From: Sergio H	Read Replies (2) \| Respond to of 79371

John, on ABTE: 09:04 ET Applied Cellular Technology (ACTC) 4 15/16: Company says it has discontinued its unsolicited bid to merge with Able Telcom Holding Corp (ABTE 7 7/8), citing its declining stk price. Notes that it is on track to meet its FY97 estimates of $100 million in sales and earnings of $0.30 a share. ACTC shares were trading at the $6 level before announcing the $12 per share bid. ABTE shares traded at $8 before the bid. From Briefing.com Sergio

To: John_W who wrote (9198)	12/12/1997 9:30:00 AM
From: Al Greenleaf	Respond to of 79371

<<Any ideas on what is happening to ABTE?>> Looks news driven to me, and I have not looked for news (try Yahoo), BUT, my intermediate stochastic crossed the signal line on 12/9 (down), MACD flattened at a high level 12/11, and crossed yesterday, RSI came down to it's moving average on 12/8, Money Flow has been negative since 9/11/97. OBV peaked and reversed on 12/3, although long-term stochastic is still positive. The 50 day price moving average turned down (and is still down)around 10/15. These indicators tell me that this stock is not in an uptrend. It is likely to go lower in the short term, but there are indications that a longer term uptrend may be starting before Dec 31. You may want to review some of these indicators on your other holdings. As you can see, there were some early indications that ABTE was moving lower. Hope this helps. -Al NOTE: Even a strong stock like APCO can move down. Note similar turning down in it's indicators, and down three days.

To: John_W who wrote (9198)	12/12/1997 9:57:00 AM
From: Al Greenleaf	Read Replies (1) \| Respond to of 79371

<<Any ideas on what is happening to ABTE?>> NEWS: "09:04 ET Applied Cellular Technology (ACTC) 4 15/16: Company says it has discontinued its unsolicited bid to merge with Able Telcom Holding Corp (ABTE 7 7/8), citing its declining stk price. Notes that it is on track to meet its FY97 estimates of $100 million in sales and earnings of $0.30 a share. ACTC shares were trading at the $6 level before announcing the $12 per share bid. ABTE shares traded at $8 before the bid. " Per Briefing.com (an excellent spot news source)