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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (856)	6/12/1998 7:38:00 AM
From: bazan	Read Replies (2) \| Respond to of 59879

Mark, If you get a chance can you take a look at APSG, trading @ 11 1/2. Bol Bands are tight, vol has shrunk and looks ready to explode one way or another. Would like to know where your ta indicators point. TIA Regards, bazan

To: TATRADER who wrote (856)	6/13/1998 8:12:00 PM
From: Raymond James Norris	Read Replies (1) \| Respond to of 59879

Dan, right now I say, three strikes and HDIE is out I disagree. HDIE has formed an ascending triangle. The Bulls have maintained strength and the bears have become weaker. The stock is poised to breakout. I view 4$ as the major resistance, not 4.25. The only reason it didnt break out last month when it touched 4 was because it was extended. It was 40% above its 50 DMA. Well now that the 50 DMA has had time to catch up and now rests at 3 1/2, a breakout is much more likely. I expect one soon (probably this week). ...If my overhead calculations are anywhere valid, the stock will need 3 million shares to get to your 4.25 and hold it... How are you making these calculations? I see 4 as a very critical area since it was major support 3 years ago. This is why it's shown major resistnace now. I see no reason to believe it needs 3 million shares to get above 4. If there arent any sellers, 1000 shares could do it. Conservatively Yours, Raymond J. Norris