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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Robet Butkus who wrote (1)7/4/1997 10:48:00 AM
From: LzzrdKing   of 7396
 
Here is another stock I bought off support last week, ASIS. The stock exploded to the upside on Friday, and is poised for a breakout Monday. I was reading some comments on First call about this company, showing how undervalued this stock is compared to its peer group in the sector. Anyway the stock exploded on volume up 253%, and the old high is 11 3/8. This is a recent IPO. ASIS provides human resources outsourcing services on a national basis, principally for Fortune 500 companies. 60% of the stock is held by insiders. 4th Q earnings released May 29 were .10 v. .02. IBD 99 96 A. For the year, ASIS earned .28 v. .11. Nice growth there.
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