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Gold/Mining/Energy : UFAB - oil drilling deck fabrication

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To: SargeK who wrote (316)4/25/1999 8:38:00 PM
From: SargeK  Read Replies (1) of 337
Seen on YAHOO

"UFAB Strength or Weakness?
by: UnifabTrader 482 of 482 AmberHa: " I was very impressed with the strength of the ride to 9 these last 3 days." Enjoy it while you can. On Friday volume dropped like a rock on a lower close. AmberHa: "I tried getting filled at 8 7/16 didn't make it". You are one lucky dude. When the earnings come out you will be very happy the order didn't get filled. Remember a bullish trend is distinguished by higher highs and higher lows. Plenty of room for trading. Backing off of highs with low volume is a sure indication that the short term trend between now and earnings' announcement will be down.. down...down

Until more profitable business is secured, it looks like the trading range will be 6 1/2 to 9 1/2. Time to take profits is now."

Friday capped a great 4 day run up. Maybe it is time to take some chips off the table. I reduced all my Oil Service stocks Friday. Why look a gift horse in the Mouth?

Long term UFAB looks great. Short term?????????/

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