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Strategies & Market Trends : Three Amigos Stock Thread
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To: freelyhovering who wrote (17468)11/20/1999 5:14:00 PM
From: Sergio H  Read Replies (1) of 29382
 
Amigo Myron, you might recall that we did a report on GTNR in April. In July the stock was pretty much at the same price as when our report came out, and many people bailed out....including some participants in the 56 thread, as well as some Amigos.

GTNR had defied most technical reads, including the Texas Bopper's own prediction and frustrated many followers who bailed out. The stock was stuck in small cap malaise and obviously not hitting any radar screens. Small caps in communication sectors got hot and GTNR got some tail wind. It surpassed our price expectation as it soared over our price target, a target set both by Scouser's technical read, as well as Ken W's and my own valuations analyses when we did our follow-up report on GTNR.

GTNR hit a new high last week and Institutions bailed out. Apparently, they agreed that the stock was over valued and it was a good time to take profit. When Ken and I looked over GTNR last night, we were not aware of the institutional selling. I am sure that GTNR will find support at the 50 MA - 10 1/2 and will re-evaluate it then.

I offer IFLO for your consideration at this time Amigo 56er Myron. Technical picture temporarily notwhistanding, IFLO is going to blow many pairs of socks off. I bring this stock up, at this time, because the IFLO situation now is identical to what has already occured in GTNR. IFLO's fundamentals have not been fully credited by the market. I love it when that happens :-) This time I plan on riding it when the market over reacts. Squatter's rights.

Sergio
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