Microlog(MLOG): Ready to Move?! Message Board

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Technology Stocks : Microlog(MLOG): Ready to Move?!

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To: JKraft who wrote (284)	11/3/1997 6:41:00 AM
From: ChrisJP	Read Replies (2) of 595

Hi Joanie, I'm not sure what you mean about the last earnings disapointment. Last quarters earnings was a good surprise to the analysts who follow the stock and they subsequently increased MLOG's prospects after they met with company management. MLOG stock languished at 4 on next to no volume for a month before coming alive in early August, due to the earnings turnaround. With the exception of a 2 week pause in Sept. at 6, the stock did nothing but go up to 9 from August to October. That's 125% in 2 months !! I believe this pattern will repeat itself from now until mid Nov (me) through mid-Dec (Doug R.) In my scenario, MLOG should move back up to 9 or 10 in the next 3 weeks. After that I'm not sure. In Doug's scenario, MLOG continues up to 12 into Dec. The stock did a healthy re-tracement after such a swift upmove. I think if you take the percentage correction (9 1/8 - 6 1/2) divided by 9 1/8, you get 28%. Regards, Chris

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