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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (1109)	6/8/1998 10:45:00 PM
From: HeyRainier	Respond to of 1720

[ ADOT ] Skane, Boy, am I going to pay for it if this goes ballistic tomorrow. I got wind of this about 15 minutes before the close, and found that same link you provided. Seemed interesting. One of the more minor trend lines were being broken at the time, with tomorrow being the bigger day if it can get past $0.30. These news bits can be harder to play if you're not in on the day of the breakout. Sometimes the information gets so processed by the next morning that the issue gaps up, leaving the latecomer with few pickings. I didn't pull the trigger for fear that the bulk of the information had been fully processed by then. You can probably get a few pennies from it, but your guess is as good as mine. A better gauge would be to see the excited response from other SI'ers about this. You'll find that catching it on the Hot Subjects list is a pretty good contrarian indicator on sentiment, kind of a short term put/call index. Good luck. Regards, Rainier PS. A Random Walk Down Wall Street is one of the best books on the subject. You will know a darn lot about what there is to know...plus it will make you a pessimist on the value that market participants add to the game (i.e. TA stinks, Analysts stink; the market can't be beaten, yada yada yada).