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Post# of 704047
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ajtj99

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ajtj99

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Re: Smart_Money post# 12431

Tuesday, 08/06/2002 10:30:24 PM

Tuesday, August 06, 2002 10:30:24 PM

Post# of 704047
The UAL chart looks awful. Unless it can take out the 13-day EMA with volume, there's nothing but carnage there in the stock price:

http://stockcharts.com/def/servlet/SC.web?c=ual,uu[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f]...

The other charts are pretty oversold, but I find that often times companies that are going bankrupt are oversold. WCOM comes to mind, for example.

Book value means nothing in liquidation or Chapter 11. 75% of the holders short usually means the shorts are right and anyone buying long is wrong.

Slots offer much better odds than buying UAL stock.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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