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How about MMSI

April 9 2000 at 10:04 PM
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KenF 
from IP address 208.171.196.108

 
Looking through my old 11-99 chart book and comparing against recent online charts, it looks like MMSI may be on the rise (I see 8 as the break level). It looks like it's been under accumulation for a loooong time. Does it look too late to get in? Ken

 
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Lester^2^

209.148.204.252

MMSI

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April 10 2000, 11:49 PM 

Hi Ken, I see your thinking in a buy on the breaking of around 8, but must confess that I personally would find this a little too rich for me. To obtain the 200% target profit we would be looking for prices to close in on $30.

http://www.bigcharts.com/custom/investorline-com/investorline.asp?sid=6642&o_symb=US%3Ammsi&symb=US%3Ammsi&time=20&comp=&compidx=aaaaa%3A0&country=us&draw.x=12&draw.y=12

The chart non-the-less does have some interesting points. Noting on the two year chart the highs in July 98, Jan 99, and May 99, we have a nice downtrend line that would have given a buy signal around $5. Additionally, there is a pennent formation that occurs from OCT to DEC/99 that gives a buy on a breakout around $6.25-$6.50.

http://www.bigcharts.com/custom/investorline-com/investorline.asp?sid=6642&o_symb=US%3Ammsi&symb=US%3Ammsi&time=9&comp=&compidx=aaaaa%3A0&country=US&draw.x=43&draw.y=12

A very nice slower uptrend line beginning in July 99 can be drawn. Here's the "thing" though. That break above the uptrend line in March of 2000- is that the fast break above the uptrend line on increasing volume we would use to exit with profit, or is it the break of the longer term perspective that you mention and perhaps we should be just getting in.

I firmly believe this stock does have the potential to go higher, but would not put my money in at these prices. (...and now that I've said that, watch it go to 100 bucks!)

Take care Ken.

Lester^2^

PS: And by the way, please note I have not made a fortune trading anything (yet). Please take anything I have to say with that in consideration.

 
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KenF

208.171.196.108

Thanks

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April 11 2000, 4:55 PM 

Good info....I enjoy reading your posts. The way most of my stocks are going, I should probably go back to paper trading. Ken

 
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