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Strategies & Market Trends : Point and Figure Charting

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To: Tommy Dorsey who wrote (23899)9/28/1999 9:06:00 PM
From: Logain Ablar  Read Replies (1) of 34810
 
Tom:

Only sometimes <g>. Normally the stocks George likes get a big pop on the day his news letter comes out and then it takes some time to retrace due to it being way too early on a fundamental basis. GBLX fit the bill but the FRO acquisition will be a home run with cash flow, management / employees, filling up the bandwidth pipes, and the internet server farms and I'm sure other areas where I'm clueless. Integration should be much less complex than normal acquisitions where there is overlaps (and you have to decide who does what and cut excesses.)

I like the chart, it's formed a base and is moving up. Still way below the BSL but worth taking a partial or long term position, even in this market.

Tim
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