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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (7039)	4/22/1999 12:35:00 AM
From: Stock Watcher	Read Replies (1) \| Respond to of 52051

Bool; on ADSN; today's retracement back to prior support level is not of the slightest bit of importance (in terms of the future potential for this company)IMO. Chart still looks great; this is the 'shake-out' before lift-off (IMO); $2 is resistance level after run-up from .96; solid support on today's close. This 'wash-out' is actually healthy, and now the stock will most likely gather steam and try to break $2 once again. It may take a few more run-ups, but we're talking about a stock doubling in (4) weeks ! With a 460% increase in revenues and projected earnings in the $2M range in the near future, the stock's behavior today is only important for short-term players and the shorts. Those who are in for the 'long haul' (3 months or more/ha), should be compensated handsomely for their patience (IMO); I'm very pleased with the stock's overall performance (I don't own it)....thanx for the detailed post presenting a clear picture of what's happening with ADSN...best/sw