Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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

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To: Lyn Benson who wrote (5706)	1/5/2000 12:36:00 PM
From: James Strauss	Read Replies (1) of 13094

IFLO... Lyn: Taking off my technical hat for the moment, IFLO has an excellent track record of earnings growth... It's revenue growth hasn't been as spectacular... I believe we will see more accelerated revenue growth this time around... This will tell investors that top line growth can continue delivering those bottom line growth numbers... As such I wouldn't let technical weakness scare me out of the stock at the dawn of a big price move... Only if the fundamentals turned negative would I consider exiting the stock... With that said, the 200 day MA sits in the 3 5/8 to 3 1/2 area... So a stop in the 3 1/4 area would be prudent soley from a technical standpoint... As for me, I'd add to my position if such a dip occurred without a negative fundamentals picture confirmation because ultimately Earnings drive prices... We should know the real earnings in about three weeks... The Whisper number is .09 vs .06 estimates... Jim

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