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MCHM is news driven. One day last week, someone wrote it up in a day
trader blurb and it shot up .. a day or two later they grabbed profits or
took their beating and it dropped back. It has since moved nicely back up
without the volume spike from the day traders. Phase three is under way
and should be completed by September. As it gets closer, "experts" will
begin to ask themselves, how high will a $9 stock go if its product has the
realistic potential to syphon off 3/4 of the Viagra dollars. No wait, no
pill, less money, no known side affects. Which will people want? The news
on the patent for their fungus topical cream makes it worth what it is ..
The impotency, topical drug approval is not in it. Not yet.
Thank you for your chart observations Ira .. much appreciated as always.
Bob
At 12:55 PM 5/19/2001 -0700, you wrote:
>Right now you have a higher probability of hitting 8.04 then 7.47, before
>you hit
>9.63, the next target to the upside. Ira
>
>BobsKC wrote:
>
> > Very nice.. there really are equity traders on this list! After a while, I
> > feel only futures and commodity traders dwell here. :) Please, all equity
> > traders.. give some input .. share some ideas .. particularly ideas such as
> > this one which is a bit more conservative than S&P or OEX futures.
> > btw... Since I posted on MCHM May 3rd, it is up 40% with a long way to
> go imo..
> > All best to the list,
> > Bob
> >
> > At 09:59 AM 5/19/2001 -0700, you wrote:
> > The Hurst channel extrapolation shown for SBUX may well be overly
> > optimistic, but the channel is flattening. The 'projected' high probability
> > buy opportunity is based on the observation of visual patterns and an
> > extrapolation of past post turn price behavior - a 'possibility', not a
> > certainty. Future price action will determine if this becomes a viable high
> > probability opportunity.
> > The purpose here is to partially demonstrate a low risk, high probability
> > way to set up trades for gentle souls who seek the safest possible
> trades in
> > order to protect capital and achieve modest, reliable appreciation.
> This one
> > is not for rodeo cowboys.
> > Because markets are fractal, the approach also applies to other time
> frames.
> > Stan
> >
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> >
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> >
> >
> >
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>
>
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>
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