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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sal D who wrote (17665)12/1/1999 10:36:00 PM
From: Ken W  Read Replies (1) of 29382
 
Joe:

REAL: book of just over 4. No debt and had to charge some expense to BEST thus they missed the Sept. Q by quite a bit. Punishment has been handed out for the slip and now the stock wants to recover. The cross of the 13 over 50 day signaled the move on the 71K volume the other day. Now the stock looks like it will settle down a little bit just above 3 with the move to 4 (200dMA) as the hard spot. The move today looks to be some gap filling from the down move at earnings time.

Insiders were buying the stock higher than present levels which could mean that they did not know what was about to happen or they are looking further down the line. LOL

timely.com

Looks like a buy as close to 3 as possible and sell just under 4. Unless of course you want to hold the stock long term. Sept was the last time it traded at or over 4

Ken
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