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Strategies & Market Trends : Action & Options- Taxikid plays

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To: buzzlite who wrote (3019)12/12/1997 11:05:00 AM
From: taxikid  Read Replies (1) of 4339
 
GTRC- i will get info as i type this.. you are a musician, no doubt you have a liking of this outfit?
i just looked at the chart there is NO resistance to this falling knife..
no offense pardner.. but i would not be buying HERE. i would give it time this company has to sink or swim.. and the trend has been down with no bumps in the way..
why? can ya tell me that?
the $33 million they paid back to lenders may have been better used to grow the company.. i {in this quick look} do not have the debt covenants in front of me to look at still looks like a technically high p/e for a new ipo in a non tech sector..
i would look to buy @ ipo price of $15-
and check short interest to set up the buy signal.
any edgar files you have eg trust indentures that spill out the terms of the bonds will be appreciated..
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