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Non-Tech : UNDERVALUED STOCKS
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To: Daveyk who wrote (4)8/9/1997 4:27:00 PM
From: Harold Boxenbaum   of 580
 
Dave,

The chart for ABAD shows a cup and handle, followed by a
declining flag. Overall, this is a great pattern. Now would
be the optimum time to buy. The flag has declined about 50%,and represents profit taking. Overall, the pattern indicates
accumulation (for the time-being). How is the P/E relative to
the industry in general? If it is less, it would be a great
buy. If the P/E is greater than the industry in general, then
I would not go near it, viz.,it would over-priced. Best
wishes. Harold.
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