E4L, Inc. (NYSE: ETV) Message Board

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Non-Tech : E4L, Inc. (NYSE: ETV)

ETV 13.72

-1.5%

Nov 20 4:00 PM EST

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To: John Arnopp who wrote (261)	10/8/1997 8:40:00 PM
From: Todd D. Wiener	of 1080

NM looks much better right now, having just blasted thru the 50-day MA on very heavy volume, indicating a renewed institutional interest. The 100-day MA is at $6. NM has not been able to close above the 100-day MA for more than one day. I won't be convinced that this rally is meaningful unless it can remain above $6. What's more, the 200-day MA is around $7. NM has been below this trendline for more than a year, so if it can penetrate it, we could be in good shape. The revised Q2 consensus is -.22 (reporting on 10/30). That's a nice improvement over the previous estimate. Perhaps that means that NM's business is improving. That would be a nice change of pace, wouldn't it? If NM beats estimates, the stock should rally nicely. If not, look out below. On the bright side, NM's lousy year has dealt it a favorable outlook for earnings comparisons beginning with Q3. Analysts expect NM to be marginally profitable in Q3. That would compare to a loss of .24 last year. Todd

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