E4L, Inc. (NYSE: ETV) Message Board

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

ETV 13.90

+1.3%

Nov 21 4:00 PM EST

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To: hwtl who wrote (264)	10/10/1997 1:11:00 PM
From: Todd D. Wiener	of 1080

NM looks very impressive. Volume is tremendous today, and the stock is almost up to the 200-day MA ($7). NM hasn't been above its 200-day MA since the middle of 1996, even on an intraday basis. If the stock can penetrate this point, after basing for a while in the $5 area, we may yet be saved. I don't know what's causing the heavy institutional buying, but this seems like the most concerted buying effort I've seen in a while. Much of today's volume is selling, although it looks like the buyers may win. Possible reasons for the stock's surge: 1. Rumor that NM is going to beat estimates for Q2. 2. Rumor that Lehman Bros. and NM have finally figured out how to "enhance shareholder value." I won't be convinced until the stock closes above $7. That may not happen until next week, so I figure we'll hear the substance of the rumor(s) when NM is perched upon its 200-day MA. Frequently, it's at that point when news comes out. Hopefully, any news will be more exciting than the sentiment that's driving up the stock now. Todd

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