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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (28003)	2/3/2002 11:26:31 AM
From: Ken W	Read Replies (1) of 29382

Sergio DFIB...IMO the sale of treausry shares at 2.00 and the offer for sale of parts of those shares will set a floor and a ceiling for the stock. I believe that the maximum offer price in the S-3 was 4.35. So, if I had purchased treasury shares at 2.00 per share I would want to sell them as close to low 4 as possible from time to time as stated in the filing. Trading equity for debt from the Survivalink aquisition is a smart move on the part of the company to keep their balance sheet looking clean, but at the cost of shareholders thru dilutiion. IF! they can indeed keep the company growing and maybe even make some money, THEN the dilution will not matter. As to the chart: 216.129.217.2 The stock is in that favorite spot of mine! Between two averages like a ping pong ball caught between a floor and a ceiling. I'll be trading between 3 and 4 until the averages narrow too much to be of any benefit. EDIT: Once that benefit is out of gas....... 216.129.217.2 If the 200dMA on the daily chart breaks then the next support is at 2.00..I expect that will happen over a longer period of time as the weekly chart is weakening. Ken

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