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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Steve Smith who wrote (4109)12/9/1997 9:55:00 AM
From: Thomas Eglin   of 42787
 
Regarding FPFG:
I took a position a few days ago so I was glad to see the bump yesterday. Now it is at the top of a descending channel starting 10-23. It is quite undervalued using ypeg type numbers but I am not sure these should apply due to the accounting practices these companies use. I will ignore the fundamentals if the price starts heading south again. I took the position because it looked like the retracement might have support around 34(june 13 tojuly 10) and a "hammer" was formed on 12-3. This provided a good visual stop below it (below 34.875).
Good luck.
Tom
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