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Vendit

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Vendit

Re: rpappa post# 234

Wednesday, 01/24/2001 7:11:09 PM

Wednesday, January 24, 2001 7:11:09 PM

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Re ARBA

http://www.askresearch.com/cgi-bin/chart?symbol=ARBA

Although very over-sold I don’t see a lot of momentum built in just yet. Any meaningful news would cause a move up IMO, which would be limited to resistance at $50 where I think a reversal would be likely.

Money Flow showing distribution under way.
http://www.askresearch.com/cgi-bin/chart?symbol=ARBA



Im still keying in on low PE techs that are over-sold and moving off of bottoms. Only buying on strong NASDAQ sell-off days and at support levels when possible. I don’t like the energy situation across the country. I remember the oil embargo in the early 1970’s, which lead to a dark economic time period.

Mainly taking the safe bets only.


Reid

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