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To: Papillon who wrote (12340)2/24/1998 9:52:00 AM
From: SE  Read Replies (1) | Respond to of 17305
 
John,

For the definitive answers see:

exchange2000.com

I am merely a rookie.....<<gg>>

Since you asked however, I would agree with what Kevin has said. In my mind, it will break to the downside because it has been sitting here for so long and there is no pick up in volume or any indication it wants to go higher. I guess what I would do, is wait for it to confirm a break of $33 on fairly decent volume. If it blows through $33, I bet the net stop will be a pause at $30, maybe a re-test of $33 and then onto $26 - $27. In fact, maybe that would be the best way to play it...wait for the confirmation and then the pull-back to $33....at that point short it or go long puts.

I should mention that I have read good things around about this company and the stock. Seems like it has its followers. Personally, I don't even know what they do. Just looked at the chart after Chalice mentioned it somewhere and did not like the chart.

-Scott