FITB (Fifth Third Bancorp) Message Board

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Non-Tech : FITB (Fifth Third Bancorp)

FITB 41.51

-0.3%

Nov 3 3:59 PM EST

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To: Ross who wrote (18)	5/11/1997 8:45:00 PM
From: Ron Kory	of 68

PTEK had their earnings which were better than expected and after an initial rally after the news the stock has pulled back. I am not surprised; after rallying sharply into earnings the stock approached a prior high around 30 amidst much bullish sentiment which are good conditions for a short term top. Significantly the company keeps reporting better than expected news during a period that precedes a new product cycle. Things should get better. However, I know you are not interested in fundamentals. What I know you are interested in is the wave count and it does seem that there is an obvious five wave count up (are you rolling your eyes at my attempt to interpret the elliot wave?). I would be curious to see your count. If wave 1 just completed from the 16 1/2 low the best is yet to come (according to Elliot). Small cap idea of the week: LTBG. This FITB space is like our private little meeting area. Bank traders don't know what they are missing!

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