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To me, that's still potentially yet another blip on the way down. Wouldn't
touch it for position trading. Retracing all of one's up move means the up move
was fluff, and is now irrelevant to the future. Wrong story.
Gwenn
wong wrote:
> Hi All:
>
> Several days ago, I wrote about KIDE.
>
> Please take a look at today's KIDE 30min chart. Seems it may have found a
> bottom (? big question mark ?). This is not yet confirmed by daily or
> weekly signals.
>
> But it certainly looks interesting.
>
> The stock was as high as $93.25 back in Nov 99.
>
> Regards,
>
> Wong
>
> ps: before I send this post out, I just check the price, and it's now at
> $24.375.
> ========================================
> Previously I wrote:
>
> Hi All:
>
> Several months ago, one of my subscribed services mentioned KIDE as being
> recommended by Mr. Bernie Schaeffer. (Unfortunately, I deleted the post
> already.)
>
> I started monitoring the stock since the end of November 1999, when the
> stock was around $60, only to see it continue its unrelenting downward
> journey...
>
> .. What's interesting is perhaps KIDE has dropped to a support level (cf
> weekly chart and the yellow line I draw), ... aound the $20 level.
>
> As you may notice on the daily chart, the stock was as high as $93 on
> 99-11-09, and now down to around $23. Very oversold. A possible candidate
> for bottom-fishing. (To me, it's definitely NOT a buy for tomorrow. But
> there's a potential buy in the near future.)
> So if you're interested in the stock, please do your own research and
> arrive at your own conclusion.
>
> ------------------------------------------------------------------------
> Name: kide-01-25-intraday.gif
> kide-01-25-intraday.gif Type: GIF Image (image/gif)
> Encoding: base64
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