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Technology Stocks : Key Energy, Pool Energy
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To: Flan who wrote (2)6/10/1997 10:08:00 PM
From: Rick Slemmer   of 36
 
David:

Congrats; I would have bought the stock in January when it broke into the $13 range, but it wasn't on my scope.

Thanks for your outlook; most of my acquisitions these days are based on technicals, and there's a lot of promise in KEG, even at its current levels. I can easily see a runup to 20 or 25, even though the relative strength is actually trending downward. OBV is aggressively higher at a record, all the moving averages are pointing up, and, most convincing of all, there is a huge bulge of accumulation (a property exhibited by a stock's tendency to close toward its daily highs on significant volume) stretching back to mid-September. This is very bullish; the last stock I saw with this much accumulation was Cognitronics (CGN). My program gave me a major BUY signal on KEG in late October when the stock broke 11, and I see the same pattern emerging now.

Do you know when earnings are coming out?

RS
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