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: BARRY ALLEN who wrote (292)	10/30/1997 7:02:00 PM
From: Todd D. Wiener	Read Replies (1) of 1080

Market weakness. There's been no indication of earnings. Besides, the volume is low, so the big money hasn't been heading for the exits. In fact, NM will likely trade between $5 and $7 until some news comes out. The reason for this range is that strong support is at $5 and the 200-day MA is around $7. Because I believe that the fundamental outlook is more positive than negative, I suspect that NM will ultimately breakout on the upside. Also, it appears to be in the process of forming a long-term bottom. If anyone wants to buy NM, I suggest trying to buy it close to $5 rather than $7. Then again, once the stock breaks out, it's likely to go much higher. The best time to buy might be on the breakout, unless the breakout comes from a buyout offer. In that case, it will be too late. Todd

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