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  • burgersboat burgersboat Nov 15, 2005 6:05 AM Flag

    Technical bounce in

    Let me see if I got that right:
    "I called $1 bounce and than sharp decline"

    I assume when you said $1 bounce you meant up?
    So if that's the case, than the share price should of gone from the openning price of $47.20 to around $48.20 ?? But the high for the day was only $47.70.
    The price fluxuated around a $1, but that's not what you said, you said it'll bounce $1.

    "and than sharp decline" From where?
    From the high to the low ? yes it did that, But it closed @ $47.09, that's not a sharp decline. From the low, it's a gain of $.37, but from the opening it's a drop of $.11. I'd hardly call that a "sharp decline"

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    • Not that it is important to most on this board but all our "resident" genius is doing is using the 200 day moving ave as his bench mark -- which by the way is around the 44.00 area. The hedge funds are jsut having a good ole time right now. Rathe than try and pick a botom, perhaps this is a good time to do some initial buying. Who knows? EVERYONE HAVE have a great day!

      • 1 Reply to kentstate70
      • "Not that it is important to most on this board but all our "resident" genius is doing is using the 200 day moving ave as his bench mark -- which by the way is around the 44.00 area. The hedge funds are jsut having a good ole time right now. Rathe than try and pick a botom, perhaps this is a good time to do some initial buying. Who knows? EVERYONE HAVE have a great day!"

        If you bought in today then you are already a big loser! There's nothing worse than buying a stock and immediately watching it go down. Haha. Anyway, the bottom is not in just yet. It's another ugly day for MTW but there more ugly days to come! I have done very well trading the stock. Head my advice and you too will do well. My advice is free too!! As I have preaching along we have more to go. $44 is the bottom. Then and only then do we back up the truck. Capece?

 
MTW
4.59+0.02(+0.44%)1:07 PMEDT