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Trading Notes
Trading Notes
David Goldring
Wednesday, November 17, 2004

LONGS

Sothebys (BID - 15.36) on our “hit and run” list. Time to run. Has tagged 200-day 3 days running. Support at 15. Close below 15 shakes us out.

Jupiter Media (JUPM - 18.28) holding 50-day average at 18.20, consolidating after recent 22 high, looking for it to resume up move. Starts to look ugly below 17.50.

Petroleum development (PETD - 32.68) are long here, but would add aggressively at 200-day average at 30.20

Headwaters Inc (HDWR - 29.75) in motion, falling from recent 35 year high, big support level at 28,looking to buy towards 28

Microchip (MCHP - 28.54) pulled back right into its 50-day and 200-day convergence pivot. Went long. Prepared to take quick loss below 28

Scientfic Gms (SGMS - 22.35) momentum buy off 20-day average at 21.85 as well as old March high of 21.90. Recently raised estimates, firing on all cylinders. Can trade into high 20’s.

Western Wireless (WWCA - 27.42) is right at 50-day average and has 200-day right below at 26. We think it will break out above 30 as it moves into New Year. One of the great turnaround stories, and earnings support a much higher stock price.

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