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To: Ron McKinnon who wrote (18193)1/3/1999 9:16:00 AM
From: Susan Saline  Read Replies (3) | Respond to of 53068
 
good morning all ..

enjoying the beautiful white stuff?

remember ... hire a crew ... pay the xtra dollar ... and save yourselves from heart attack.

now ... onto some charts

the new year ... what to expect ...
my read since Nov. 1 has been bull market till the 3rd week in January ... then some heavy profit taking will occur ... just an educated guesstimate.

ACMR
looks very similar to the FILE chart.
ACMR is retesting resistance here, and may take several more days to break through that resistance. But the chart has given a buy signal, and still looks good.
Depending upon the fundamentals being positive, 7.50 short term appears easy.
But long term I might wait for 14 target before any heavy pullback could be expected.

tscn.com

ps.... crissy passed!!



To: Ron McKinnon who wrote (18193)1/3/1999 10:12:00 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
Cellular Sleuth: -
Okay, T has huge wireless, having acquired McCaw years ago.
BEL is acquiring GTE and major rumors to be going after Airtouch.

So who is next.
WCOM, as i understand it, has NO wirless services. Seems like they have to go after one real quick. FRO? AT, PCS, NXTL? anyone have any ideas. Here is the yahoo industry group for wireless: biz.yahoo.com
larry



To: Ron McKinnon who wrote (18193)1/3/1999 10:38:00 AM
From: DanZ  Read Replies (2) | Respond to of 53068
 
ACMR.

Ron,

The chart on ACMR looks very good to me and similar to that of ASHW. It had a big gap down on December 9 and then spent the next couple of weeks basing in the low 5 area. The money flow was positive nearly every day while it based, indicating accumulation of the stock at the lows. It finally began moving up last week and closed above the middle daily bollinger band on Wednesday, following through on Thursday.

My guess is that stocks like ACMR and ASHW got a double whammy...bad news and tax loss selling, that pressured them to lows. Now that the bad news is out (for now) and the tax loss selling pressure is gone, they are rallying (at least this is my theory). I think this stock has potential to the upper bollinger band between 7 and 7 1/4 before it runs into resistance. The upper end of the gap is at about 6 1/4 but I don't think this will provide much resistance given my read of the chart. In the intermediate term, I can see the stock returning to the big congestion area on the weekly chart in the 8 to 9 area.

Another stock in the same sector as ACMR that looks very good as well is MIKE (Michaels Stores). The chart looks very similar to ACMR and I would give MIKE a target of about 20.

I like the chart on ACMR and MIKE and might buy one or both on Monday. Thanks for the suggestion.

Dan