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Technology Stocks : Log On America, Inc. LOAX

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To: harryl1 who wrote (211)6/22/1999 1:15:00 AM
From: Ron Dior  Read Replies (2) of 353
 
My interest in this stock just moved up a notch after todays action. I am starting a thorough analysis of the company starting tomorrow. The company is local to me therefore it will be an easy fit. There were some large block buys that moved through in an odd pattern today. It would add up that smart money was being played. IMO something is up, whether or not it is hype is uncertain, but todays action was not the product of short covering. I have been watching this stock for a while now and am trying to get the feel of the trade. This stock appears to be neither a good long or short candidate. It is both! Only an amateur would short this stock based on its fundamentals and only a fool would hold this stock long after a 50% gain in their investment. Once day traders such as myself find this stock ( and they are), typical analysis will be impossible. Only two things will move this stock right now, market sentiment and news. The rest of the T/A is just a waste of time....

Ron Dior
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