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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: freelyhovering who wrote (8168)11/21/1997 11:31:00 PM
From: Sergio H  Read Replies (4) of 79519
 
Myron, as you know, I bought APCO and SRSL this morning. I hate buying on Fri. and I would encourage everyone to buy in the afternoon as opposed to morning. However, I really like both of these stocks and I had to make exceptions. I wanted to beat the rush.
.
APCO will have a news announcement next week or soon and the markets did not realize the potential of their last announcement (Johnson) or how sound the company is, based on their 10q. This is a give me, specially when you add Doug's and Sparky's zeal of approval on the TA. I'm sure that you'll confirm the TA. Just too easy on this one.

SRSL: Here's an except from my post on that thread:
This morning only one of the market makers was at the ask..7 1/4.
That was MASH, better known as Schwab. There were 13 MMs
ready to suck your shares in at 6 7/8. If we took MASH out at 7 1/4
there was only SALB at 7 3/8. CURT, MONT and MITE were at 7 1/2 and then we have 7 3/4. Not much resistance to 7 1/2 or 7 3/4 area. No shares if any buying comes into the picture.

Besides the MM action, the MF article and the solid fundamentals,
what attracted me to this stock is the brokerage coverage that it receives for such a low vol. small floater. The analysts will soon be upgrading this stock to a strong buy based on the fundamentals and the seasonality.

Sergio
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