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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (4533)	2/19/1998 8:31:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 7396

IDTI is a 3 year rectangle pattern from 10-15.....Initial target is 20.00...However, as Lizard informed me, it is already up 100% in less than a year...It looks from volume that most of the heavy hitters got in around 14.00...I am looking for a bump at 17.50, and strong resistance at 20.00...One of my friends told me the CEO was buying this company a few months ago...I don't know if this is true or not, but someone sure likes this stock... PAASF is a play on silver.....The stock has retraced back to support at 9.37....If we see a reversal in the next few days all is well with the stock...Technically, I should wait for the reversal, but I have followed this company for a long time and feel that with no debt, a producing mine that is making money, and its strategy the past few years to buy up silver mines cheap, will benefit them greatly in the next few years...I plan to hold this one for a while....Warren Buffet would probably be proud of me...If silver can gradually move from 7-10 over the next year, this stock should move toward 20.00....It is true the recent weakness in PAASF has been attributed to the Asian flu...If the Asians don't use as much silver, the price won't move up so dramatically... I have felt like I have been on the mountain, and my face is a bright white, and maybe I should wear a veil...But the experience has been good, and hopefully I have learned greater humility, and been given a greater desire to succeed....Mark