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: HeyRainier who wrote ()	6/18/1997 6:21:00 PM
From: HeyRainier	of 257

Stock watch: Winsloew Furniture(WLFI)...currently 10 5/8 WLFI is forming an ascending triangle. Please see the following URL: quote.yahoo.com Four insiders bought during March and April, for about the mid-high $8's. While I'm not ecstatic about about its debt position(93%), it has a current ratio of 4.55, only $0.13 cash/share, and 17% ROE. It looks like it's preparing to retest its previous highs. The resemblance is striking when compared to THQI, a pick pointed out earlier by Lyle(the business has absolutely no relation however). It has a p/e of around 10.5, yet is projected to grow 22% for this year, and 12% the next. It has beaten estimates by at least 6 cents since the June quarter of '96. More later. Regards, Rainier

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