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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?


To: ChainSaw who wrote (1398)7/30/1998 4:07:00 PM
From: Nathan Hansen  Read Replies (1) | Respond to of 3458
 
Just heard some things that give this stock a compelling reason to be trading VERY SOON at $20. or better.

Not going to talk about the details until they are confirmed. But, I like the source....!!! What more can I say.....glad I'm long!!!

cheers, til tomorrow.



To: ChainSaw who wrote (1398)8/1/1998 1:00:00 AM
From: JRobinson  Respond to of 3458
 
>>In looking at the previous descending triple top on the daily price chart it shows weakness. The last little run to 16.87 is an indication that technical analysis is not always a 100% sure thing. <<

I assume you are talking about the late April/May to mid July timeframe? It looked like an ascending triangle to me and a break to the upside was the expected result. The reason I felt it met this pattern's criteria was the series of higher lows. If one draws a line across those three peaks and another line on the bottom of the higher lows, the triangle becomes apparent. I put a price target of about $13.5 based on Fibonacci calculations and that was the first area reached before a short pullback. The strength since then has been very satisfying to say the least, particularly in this nasty market.