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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: puborectalis who wrote (340)2/1/1999 12:02:00 AM
From: Mark[ox5]   of 779
 
News event stocks for the upcoming week:

NAVR - IPO announcement should come this week, options start tradinG Friday.
Support right now is around $16.25. Place buy orders there. Major support at $15. Downside risk: No IPO announcement before 2/9 and then we have trouble.

TBFC - Earnings Wednesday after the bell, last Q was their first profitable one (at .01) estimate this Q is .06. 3 analysts cover it. More important than earnings will be both the revenue and customer growth numbers. Also, the fact that they are a profitable "net company" should make it interesting. Volume will play a big role in this one.. it is still undiscovered (much like ABOV) so without volume it will tread water.

Support here is around $38, with stronger support in the $35 range so those are your buy points. (thanks steve for bringing this one to the thread, the more i read the more I like the mid/long term potential on this one)

Found this interesting press release from them on their news portion of Yahoo...
Tuesday January 5, 9:09 am Eastern Time

Company Press Release

TeleBank Becomes First Nationwide Branchless Bank
in the Top 50 Federal Savings Banks

Asset Growth Propels Oldest and Largest Branchless Bank

ARLINGTON, Va.--(BUSINESS WIRE)--Jan. 5, 1999--TeleBank (http://www.telebankonline.com), a leader in the
nationwide delivery of high-value financial service products by Internet and telephone, crossed the threshold of $2 billion in
assets, to become the first nationwide branchless bank to be ranked among the top 50 U.S. federally chartered savings banks.
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