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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (20906)	9/10/2000 11:53:19 AM
From: Sergio H	Read Replies (1) of 29382

Ken, as you know, PETM's 50 day MA just crossed over its 200 day MA following one of our favorite patterns...the shorter term posaitive signal provided by the under and over of the 10 day MA, first going under to give the longer term avgs. time to catch up. 200 day MA is now reversing course. ATMS - A third vote from me on its merits for a quick trade. ANIK - Did you happen to take a look at how much cash they have? You get the Co. and all other assets including the B & L contract for free. RDRT - I took profit on last week's news release. Wait for the gap to fill. I'm going with WDC for my contest pick. Don't look at the current fundamentals. They stink!!!! But the Co. is undergoing a turnaround, switching over to external storage devices, where there is great demand. Institutions are hammering away at WDC. SEC filling on Friday details that almost 3 million shares were sold on an arranged sale at a 4% discount. Large blocks buys have been occuring for the last 3 months including a 250,000 share buy near the close on Friday. Sergio

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