Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (7388)	1/8/2001 11:07:50 AM
From: Jibacoa	Read Replies (1) of 13094

JIM: FMO: After the up-move on Jan.2 & Jan.3 it held in the last 2 trading sessions and it is moving up again today. They reported a new line of credit of 55o million. They have a substantial potential liability on the asbestos matter after due to some company they purchased. They reportedly sell around 0.13 of book and 0.04 of sales. Insiders hold 38% and the institutions 49%.The short ratio is 20% of the float, so there could be some "short squeeze" coming, with the short volume about 10 days of average trading. The chart looks good to me and I have been buying it. What do you think? Bernard

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