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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (1705)9/7/2000 1:46:58 PM
From: Market Tracker  Read Replies (2) of 1911
 
Ames appears to have put in a successful triple bottom at just < 5 and appears to be in the process of the beginnings of a short squeeze on impressive trading volume. Technically a cup and handle formation is beginning to take shape, most likely signaling a firm bottom has been established. The risk to reward ratio has switched over to favor a long position vs. being short. Not to say there won't be many bumps in the road on our way up, because there will be, but those willing to stay the course for 12 -18 months should be amply rewarded. Yes I'm back in.

P.S. <OT> Do you ever hear from Barry (Winner) - which he was with AMES last time around.

MT
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