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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: MskiHntr who wrote (347)	8/14/1998 2:24:00 PM
From: Michael Bendner	Respond to of 7247

Thanks for the summary! I hope she foresees a short-term price increase as well. The money I threw into MDCO at 12 3/8 yesterday was not 12-month money. <g> I think today's trading will go quite a way in determining the near-term trend. If MRL can close above 12 today, it may continue fluctuating between 11 1/2 and 12 1/2 for some time. If it closes above the open or, even better, above today's high (12 3/8), we may see a run towards Tim's target price of 17. If it closes below 12, I get worried. That was my gut-based analysis. Does anyone have anything more valuable to contribute? Perhaps something based on legitimate TA? :-) Michael Bendner