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


To: Dave H who wrote (11454)1/28/1998 2:36:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79545
 
To AMLN or not to AMLN

Dave:

Wish I had an answer. Every time it gets up to 3/16 (and when the bid was up to 1/4 this am), I wait for the jump, then wish I'd sold when it goes back to 1/8 or 5/32 or something. My feeling is to hold on: a) There's a skirmish going on between 1/8 and 5/16, the MMs are running a very tight ship (no attempts I've seen to shake out either the longs or shorts) and I think I'd regret it if I lost the opportunity to win that battle;
and b) look at the fake signal day of 12/19: If it's any indication of what the next few days hold in store, it's worth bearing in my mind that this is the oldest cat anyone's played, volume is not exactly scintillating, and this could be a very slow upcreeper. (In any case, I really don't think it's going to plotz down quickly either.)
Just don't hold me to it. I'd sell this one at any minute if I had something else I wanted to jump into. (Luckily NSCP is showing itself to be a real trouble-maker today, so I'm an honest man for the time being.)

Ivan