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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?


To: Linda Pearson who wrote (543)3/11/1999 11:24:00 PM
From: Christopher  Read Replies (1) | Respond to of 1169
 
Linda, Thanks for answering my question. I am a Technical Analyst. I read Phyl comments about the Ascending Triangle and he is right on the money. I believe the new target for HD is 72 minimum. HD does not look like it is going to retest the new support line at 62, an indication of a very strong stock. It is a good time to be in the stock market. The DOW is going to soar.

Good trading,

Christopher



To: Linda Pearson who wrote (543)3/12/1999 11:59:00 AM
From: Phil Rogers  Respond to of 1169
 
<<In this case, it appears that they are referring to a 2/1 stock split.

It's generally a positive sign. >>

Stock splits often suggest that the stock has been doing well. I happen to think that HD will continue doing well. Interestingly, IBD had an article the bull and bear possiblities associated with stock splits in today's paper. Section B, page 1 beneath the fold, "Stock Splits Often Bullish But Some Signal Trouble". I know it can be read off of their AOL site. I assume that it can be found on their internet site as well.

Phil