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Strategies & Market Trends : Set the Controls For The Heart of the SUN

IQ 1.975

-2.2%

11:21 AM EST

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To: rustyjack who wrote (313)	6/3/1997 3:00:00 AM
From: Doug R	of 1156

Thanks Ron, I'd like to thank all who made this possible...oh, wait, wrong speech. Actually it comes from spending zillions of hours studying charts with a few friends and alot of books. As far as sequentials, FTPS completed a TD sequential on Friday and hit the two day flip today(closing higher than the close on Thu.). FTPS was already strong going into the end of the countdown and confirmation by way of the flip makes it a relatively safe buy. The last time it did a sequential (6/5 to 8/7/96) it went from 7 1/4 to 9 1/2 in 5 days post flip. This time it has mirrored the previous sequential by jumping a bit just before completion and hitting the 2 day flip the day after completion. Comparing the resistance levels involved in each occasion suggests that the current resistance at 7 to 7 3/8 is a likely target. Differences in volume characteristics may send it higher. RWIN has one more day left in the countdown still. After the strong day it had Monday, it will probably complete that day at the current level. As I said on Thursday, the time to buy it was Friday. (Did you get in Crossy?) So Ron, what are the 3 main fundamental attractions of ELGT? If you don't mind my asking. It looks like it could soon have a 50% day. What I know already: Sales are up a modest 15% qtr. over qtr. For 9 mos. an increase of maybe 3%. Net earnings are nicely improved. Cost cutting? Higher margin? Better product mix? Oh, then there's the thing about maybe selling their metal fabrications unit to a financially strong potential purchaser. IF a deal is reached it COULD HAVE a positive effect on the balance sheet? Who could the buyer be? BOOM? What would they be left with after selling this unit? 9.3 Mil. shares used in computing the 6 month numbers and 8.1 used to compute the 9 month numbers. Hmmmm. Thanks in advance for any answers. Doug R

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