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Guy,
Way to Go! It never hurts to take profits, especially if you are near
the top of a channel. The question now is what's next <G>.
I wouldn't be in any hurry on QNTM. The break out yesterday looked
strong and the little pull back today could be expected. I redrew the
Intermediate Term Up Trend Channel after yesterday's break out and the top
of it is just over 32. I'd set 32 as my current target, stop at 24 3/4
just under the short term up trend channel and the top of the old
horizontal channel.
Jim
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From: Guy Gordon <gordon@xxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx
Subject: ASND, APM, and HWP trades
Date: Thursday, July 17, 1997 3:54 PM
I lightened up a lot this morning, anticipating a pullback.
I sold all my ASND, APM, and HWP.
I just thought I'd post that, since I posted when I bought them.
These are great companies, and I intend to buy them back
(just at a lower price). If you are investing in them (rather than
trading) you're doing fine to hold them.
I'm still holding my QNTM, but looking for the top.
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