Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (798)	8/26/1997 10:04:00 PM
From: Pullin-GS	of 7396

Mark, thanks for your read. I took an initial position, and plan to double up if we show strength as the stock has done in the past. The charts definatly don't scream breakout at the moment. But the fundametals I have been able to dig up on the stock and past price performance, as well as a PE of 4 warrent a risk at these levels IMO. We had an ultimate oscilator divergence on close, and also finnished the day up with a Doji Star (following a long black body). The bears are loosing steam. Selling pressure is nill and given today's overall market, I would not be surprised if we finnish an Engulfing Doji Star pattern tommorrow close. This would be very bullish, indicating a key reversal. One can only hope. :-( Regards...Paul

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