[CANSLIM] Question about MRGE

From: " Bob Hodes" <rchodes@charter.net>
Subject: [CANSLIM] Question about MRGE
Date: Wed, 30 Apr 2003 18:56:06 -0500

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I have a question about the chart for MRGE.  Would today's price and =
volume action be considered a break out (since the handle has repeatedly =
bumped up against the $8 range but broke through that range today on v. =
high volume) or is this not a techinical breakout b/c their was a high =
point in the handle in early Jan around $9.

The 5 month handle had been range bound between $6 and $8 and I bought =
shares at $6 planning to sell if it broke below $5.50.  I liked the =
fundies, EPS and revenue growth rate, growing margins, and I live in WI =
(company is in Milw).  Heck I'm human so I have emotional reasons too.  =
Anyway, would today's action signal a time to add more shares if so =
inclined or would one wait for a breakout above the $9 level.   Thanks.
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<DIV><FONT face=3DArial size=3D2>I have a question about the chart for =
MRGE.&nbsp;=20
Would today's price and volume action be considered a break out (since =
the=20
handle has repeatedly bumped up against the $8 range but broke through =
that=20
range today on v. high volume) or is this not a techinical breakout b/c =
their=20
was a high point in the handle in early Jan around $9.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>The 5 month handle had been range bound =
between $6=20
and $8 and I bought shares at $6 planning to sell if it broke below =
$5.50.&nbsp;=20
I liked the fundies, EPS and revenue growth rate, growing margins, and I =
live in=20
WI (company is in Milw).&nbsp; Heck I'm human so I have emotional =
reasons=20
too.&nbsp; Anyway, would today's action signal a time to add more shares =
if so=20
inclined or would one wait for a breakout above the $9 =
level.&nbsp;&nbsp;=20
Thanks.</FONT></DIV></BODY></HTML>

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