Month: September 2004

Shake or Break

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Before the most recent three days it was looking like the Cubes (Amex: QQQ) and a bunch of other indexes and individual stocks might be forming handles, but that has been called into doubt by the reversal and failed attempt to close above the 200-day moving average (see circled area). The day after the reversal/failure, we got a fairly sizable red candle with a close near the low on increased volume, a clear distribution day. Now we are at a critical juncture,…

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Hi Yo, Quiksilver

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Like the Lone Ranger’s horse, Silver, ZQK showed an ability to move extremely fast today. I started looking at this stock after noticing more and more Quiksilver clothes showing up in my closet again after years of absence, suggesting that the brand that was hot when I was in high school is making a resurgence. Not only are they designing a cool line of products again, but they are expanding beyond the teenage surf-shop market into other outlets and age groups (I just got a couple shirts at Nordstrom). So…

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