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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (19981)	5/21/2000 12:43:00 AM
From: Ken W	Read Replies (1) of 29382

Sergio, SORC: There are just some stocks you have to own at rock support. When all else fails you have to look at the trend line straight across at 12 from Oct. Nov. last year. As usual the "smart market has thrown several babies out with the bath water. Perfect example is SORC trading in the 20's during the "hey days" with earnings, earnings, and more earnings. While the ugly stock went to nearly 60 in the same time frame. So much for preaching....SORC has over 60% growth rate this next year and 40% 5 years. They have met or beat estimates every Q since I've been following the company (18 months now) The insiders have been filing to sell stock since Jan, 00. Who knows the motivation for that...who cares really as when they do sell or buy, we don't know about for 60 to 90 days after the fact. Sooooo...I have to go back to the TA side, which I do best. 207.61.23.98 These are only 14 day bar stoch's....plug 50 into the box and see where THOSE at at....ya don't get too much more oversold than that!! Ken

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