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

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To: Bob Schommer who wrote (99)6/12/1997 11:34:00 PM
From: HeyRainier   of 257
 
Bob, thank you for the inquiry. I suggest standing aside for now until I get updated information on the current situation. The timing of my phone call to the company and their return call did not coincide. I've left messages to both the CFO and Investor Relations, and have sent a detailed email message regarding recent concerns. I will try calling up again around 9:00am eastern time, but I may try earlier.

As for today's activity, it is somewhat reassuring that it has begun to find support. The volume was triple the 30 day average and few allowed it to go below the high 9's. Stochastics seem to indicate that this is oversold; barring some undisclosed negative developments, I think this is a great buying opportunity.

I will post my findings as soon as I hear from the company.

Regards,

Rainier
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