The Dead Cat Bounce Theory Message Board

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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: STOCKaHOLIC who wrote (1682)	7/1/1997 7:55:00 AM
From: SE	of 1836

BRKT looks like a possible dead cat today. The company issued a statement after yesterday's close to indicate it won't make earnings or revenue estimates. The company has $0 long term debt and a current ratio of 5 to 1. Book value is $4.60 and the stock ended yesterday at 11 7/8 after being in a trading range of 11 3/4 to 13 5/8 for the last couple of weeks. Look for an open around 8 1/2 to 9 (my guess. Buy in points will be two. Either take the risk that the open will be the low of the day and buy on open or wait and buy around noon time after the stock has rebounded somewhat (3/4 to 1 point above low of day). Look to sell near the close to 1/2 point gain or on tomorrow's open for a bit better than that. This is just conjecture on my part and was posted in part to see how I can do "guessing" at a dead cat play. As I have posted the above as a detailed analysis, I will not be playing this one and instead will watch to see what happens. Thoughts??? scott

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