This stock is on a fundamental basis very nice looking, however, from a t/a standpoint it is neutral with a slight negative bias.
Witness the wave of selling on just a little buying. Seems a little suspect, and confirms t/a. It could just be going through a consolidation period. Hard to tell for 2 reasons, thin volume, and it trades on the Amex, which is not anything like the nasdaq. However, if some real buying develops, it will be good for a run.
BTW, the newsletter is the Cheap Investor, put out by Bill Matthews in Aurora Illinois. He picks some real winners, and some real dogs, as we all do. |
