Runner's Rascals
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Originally posted by skiracerAre you implying weakness because of a few sells by insiders who got the shares on the cheapo an are taking profits. I'm not buying into that one at all. That stuff happens all the time with these insider guys. Probably 80% or more insiders of all the stocks out there are taking profits when their companies stocks go up. If you check out the insider transactions on most stocks the largest % of them are sells. Then they issue themselves more to do it over again. I'd be doing the same thing if I had the license to steal like these guys. But Thompsons Financial is a good site an I use it frequently for info. Anyway I'm still solidly entrenched in my latest position in it an am expecting great results. Up over 2 points on the 3 positions I've taken in it over the past 5 weeks or so. If you have a minute check out the weekly chart or the point and figure chart for it on Stockcharts.
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Right!
Dow Theory says we have a possible $2.40 move coming--up or down with T. My gut says up, because it might be a takeover candidate. However, the last move was down, so it could go either way.
The longer the wedge forms, the less power and lower the likelihood that it will realize the target. The length should only be one half-to-two/thirds the height, and it appears that this wedge is getting rather lengthy. In any case, it has to break one way or another tomorrow.
What does your instinct say?
NICE CHART--and thanks!
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Originally posted by RunnerELN follow-up
http://www.mrmarketishuge.com/showpo...&postcount=562
ELN bounces off retest @ 6.80!!
Last edited by Guest; 05-26-2005, 02:21 PM.
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