Wedges, triangles, and stuff: Chart patterns for breakouts Message Board

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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts

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To: Doug R who wrote (27)	5/27/1997 7:04:00 PM
From: HeyRainier	of 257

Doug, with ANCR, whether that triangle forms or not, its fundamentals aren't attractive to me. I think the best acting stocks are those with bullish charts AND strong fundamentals. Ancor Communications has been consistently losing money, and for some reason, analysts, being the positively biased group that they are, suddenly think that all that is going turn around and the company is going to break even this year. Unfortunately, these analyst estimates continue to be off the mark, as they have overestimated earnings $0.04, $0.04, $0.12, and $0.08 for the last four quarters. I have little confidence in this company nor its analysts who cover it. Any bullishness in the charts that may be forming with ANCR is illusory and does not in my opinion correspond to the prospects of this company. Sorry to shoot you down again. Keep 'em coming! Regards, Rainier

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