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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Sparky Beardslee who wrote (3259)	6/29/1998 6:54:00 PM
From: James Wright	Respond to of 4142

Last week I came very close to buying ABTE based on what appeared to be a firm breakout from an ascending triangle. That breakout fizzled, however, and I backed off from the buy at the last minute and bought DHI instead. Now I'm glad I did. I'm still watching ABTE, and will buy if it in fact breaks out of the triangle again on solid volume. Buy the way, NMGC appears to be trading with daily hi's and low's of 16 1/4 to 15 1/2 while it consolidates its recent gains. I don't usually day trade, but I re-entered today after riding it up from 12 11/16 and then sold on the pull back at 15 1/4. For the next several days, I'll try to buy at 15 1/2 and immediately place an order to sell at 16 1/4, then repeat with a new buy order to catch it again when it drops back to 15 1/2. If the pattern continues, I hope to pick up some easy money while NMGC decides which way it ultimately wants to go after this consolidation phase. -- Jim Wright

To: Sparky Beardslee who wrote (3259)	6/29/1998 10:04:00 PM
From: Bruce A. Brotnov	Respond to of 4142

Sparky, yes I follow and own ABTE and I told folks to hold off buying on the message board this am - guess you didn't read it. <G> I think it is probably ok; at least it closed at 18 support. I'll hold for a while but won't think of adding until it stays above 20. If it closes lower than $18 then I'll have second thoughts. Maybe you liked the 3 picks as they were up 6% average today. I tried to buy INTV but just missed it along with HKID. Should have bought the 3rd one as it was up 9% as I recall. SHBZ had a good day as did LCOS. <G> Bruce