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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Michael Latas who wrote (2943)	1/29/1999 7:09:00 PM
From: Thomas J. Smith	Read Replies (1) \| Respond to of 8393

Hi Mike, What's next? Ener made a quick pull back to the 200 DMA early this month (the intraday move where we hit 8.5). That was good for an entry, but for the first time since the 5's and 6's we are seeing weakness, and I would expect to see a pullback. Today's action is the first weakness in along time. ENER has the best BOP of any stock I ever saw on the TC2000 charts. 10 years I followed BOP and MoneyStream charts and none have looked better over any other 3 month span. But, today's download of the charts showed ENER with it's first sign of weakness. I will not be selling my shares based on this weakness, since I have takin' the long term veiw on this one. If you do not want to stomach a possible pullback to the 9's,,, and you are a market timer,,, it is a good time to grab a profit and buy back in later. I have taken a firm position to ride this one into the 2000's.... GOOD LUCK THE PIGMAN......