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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (19921)	7/27/1998 5:54:00 PM
From: Cube	Respond to of 79281

Myron, Yes, I've been long on ACRT for quite a long time. It was one of my holdings before I met Doug's 56 gang. The bear raid on this stock has been really difficult for me to sit through but the technicals and the fundys looked good to me and they always have. The float on ACRT is about 5 million shares, and there are currently 2.5 million shares short due to the bear raid. If this stock has some good impending news that drives the price much higher, the short squeeze and panic covering could be shocking, and probably within 1 or 2 trading days. As far as an upside target, it is really hard to say. With half the float being shorted, you could see a panic short covering spike in the 50's before coming to reality. This one is a stomach churner. Cube