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To: Alski who wrote (7762)3/13/1999 3:12:00 PM
From: Thean  Read Replies (1) | Respond to of 14427
 
Alski,
Pair's support is very obvious. For next week, its support should be between $8 and $8 1/2 based on the support trendline going back 6 months past. This support trendline already has three anchors so it is pretty solid.

On its upside, I like the activity of the last two days but there are plenty of resistence above $11. Unless it can get an actual buyout, buyout rumor can carry it into the resistence overhead zone only I'm afraid. Don't know much about the company. Being the option expiration week, I won't be surprised to see it test $11 this week but close near $10 by Friday.

CPLY - still no volume. The surge the past two days could be just the small time mo-mo surge and I highly question the sustainability power of this surge. A positive however is that its support at 9 5/8 - 3/4 held pretty well.

SPNSF - are you still in? This is one slow tortuise. Plenty of churning the past week between low $10 and $11 and this looks like the classic healthy consolidation after a runup. It can break $11 for good if it can get some fresh contract. You know of any development there?