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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Amots who wrote (1364)1/23/1998 4:30:00 PM
From: TATRADER  Read Replies (1) | Respond to of 18691
 
Amots, Head and Shoulders top on MOT....Neckline at 60.00...I would short near 60.00, and set a buy stop a few dollars above...You have strong support at 54.00 and 50.00....Once broken it would be a cakewalk to long-term target of 40.00 a share...Mark
P.S. Some TA people might argue 30.00 as long-term target using 90.00 as top of head....I was using 80.00 as top for my head...



To: Amots who wrote (1364)1/23/1998 8:30:00 PM
From: vegetarian  Respond to of 18691
 
The short term graph for MOT is a descending triangle and bearish.
The support line is at 55. The stock is showing weakness and has an easy 10 point downside when it cracks through 55, which should not be very far off.
If you look at IBD top performing mutual fund sell data MOT has often featured there recently.
I am short (puts).