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Strategies & Market Trends : Lizard King's Trading Swamp
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To: Ron Pratt who wrote (3054)11/30/1997 2:24:00 PM
From: LzzrdKing  Read Replies (2) of 7396
 
MDCO was a momentum play now becoming a value play. Value players are notoriously cheap so i am not sure where the bottom is. I am in MDCO also at 23. I have noticed a pattern in the sector, which is a test and hold of the 200 DMA. MDCO has done this a few times already and the more times it does it the stronger the support in the lower 22 area becomes. The valuation in very enticing, but it will be interesting to see how this plays out, as all rallies are being sold into in the sector so far. As for whether MDCO will see 25 in two weeks, you have hit the wrong URL for that, try www.fortunetelling.com.
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