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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 665.67-0.9%4:00 PM EST

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To: j g cordes who wrote (36546)3/22/2002 4:10:06 PM
From: Johnny Canuck  Read Replies (3) of 68064
 
NUFO looks good technically. I have t admit I have some concerns about management though. I think I posted my note somewhere back on the thread. They sounded quite lost. They did not have strategy for what they were going to do to survive the slow down and how they were going to dominate afterwards.

It is a concern that they are still closing facilities when MRVC is starting to see some stability in specific product lines and AVNX is merging with another company to get bigger so they can compete after the turn around in the industry. You are talking about a company whose management classified themselves as a small player in a big pond. Not the kind of talk you like to hear from a management that is focused on looking for ways to grow the company. I imagine they are up mostly on take over specualtion. The closing of the plants recently may be in preparation for it.

I don't like the close here. COMPX needs to close above 1880 and SOX above 600 so traders have two support levels to work with. As it is only day trader are going to stick their necks out on Monday.

I have to admit I don't find a lot of reason to commit aggressively any positions. Like most I think I am in the show me camp. I guess most people come from Missouri these days.
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