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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (5298)11/2/1999 6:12:00 PM
From: Jibacoa  Read Replies (1) of 13094
 
Jim:

Take a look at HWK.

They had a 133% positive earnings surprise today (0.14) for the SeptQ. The insiders have been buying the stock at higher levels since last year.

After the sell-off on October 18 (with volume of more than 1/2 million shares)the stock has formed a base at the 4 level.

There was practically no action after the news today( volume was only 16,600)

The stock is selling about 1/2 of book and the 12 month earnings is about $1.50

I suppose there may be some more tax-selling, but even if the stock doesn't return to the May H at 11 3/4, I am looking for it to get to the 8 1/2 level in the next 6 months.

What do you think?

Regards and good luck.

Bernard
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