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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (65996)	2/12/2003 12:40:24 AM
From: Perspective	Read Replies (1) of 209892

THANKS! Hadn't seen ASKJ on the ol' radar in a while. For those interested in FA, the market is paying $250M for a revenue stream of $75M annually, $50M of book value, and negative cash flow. Why would you do such a thing? Beats the hell out of me. Fade 'em. Technically, they've had a pretty darned good run, maybe a "C" impulse off the 2001 lows. Insiders had been buyers below $2, but they've started selling again. And, yes, believe it or not, the stock has hit nearly 38% retracement of the decline off the 175 all time high... BC

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