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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (15633)	5/30/1999 1:25:00 PM
From: scouser	Respond to of 29382

Sergio, good call on ATEN a while back , I agree on a correction here clearstation.com shows most indicators as overbought. scouser

To: Sergio H who wrote (15633)	5/30/1999 1:38:00 PM
From: scouser	Respond to of 29382

GTNR, showing signs of recovery, test will be $4.25 , it spiked friday on low volume, must be great news coming. iqc.com Also notice the last 3 lows are in a line giving us some indication of future retests. scouser

To: Sergio H who wrote (15633)	5/30/1999 1:39:00 PM
From: Ken W	Respond to of 29382

Sergio, ATEN: Have you read the SEC filing of the 19th of May? The co is exchanging 1 for 1 the 14% debt for new 14% debt that will be immediately tradable on conversion with the closing date for conversion of June 5. These represent 264 million dollars worth of stock that can be put into the public float in the first part of June. IMO this is not good. FA wise ATEN is not looking too good. They are expected to spend up to 50 million in the next year to launch the DTH network. Considering they have 13 million in cash they are going to have to incur more debt to go forward. With only one broker covering and all of the debt they are holding plus intending on adding? TA wise the up trend is still in tact, but showed some weakness on Fri. with the faster Stoch. crossing below the slow. MACD is weak also. 13 seems to be a resistance spot for the stock and may retest that resistance next week. If it does not go above 13 on some fairly storng volume then I would say that it may go back and retest the breakout of 9. Ken