Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Zeev Hed who wrote (3391)	12/15/1997 9:40:00 PM
From: TATRADER	Read Replies (4) of 7396

Zeev, if you get a chance, take a look at PZZI....The company is buying back stock(don't ask me why???) PE is around 17...A friendly market maker named Van Kasper buys stock on the bid every time it approaches 5.68.....My Pring KST, RSI,Smoothed Rate of Change, and UO were all confirming the higher high and higher low today...But the stock seems stuck...and that concerns me....Like would it be distribution.....This is my only long position right now, otherwise I have several open short positions......I enjoy the way you rip apart companies, and I won't take it personal if you take a piece of PZZI....Regards, Mark P.S. Am I seeing things or is this a Head and Shoulders Bottom with neckline at 5.00!!! If it is a chartist would have a target of 7.43 on this one....That is why I keep hanging around.... P.S. When Van Kasper quits buying, who will be holding the box of pizza??? Do Market Makers buy for individuals who want to get a bigger piece of the company.....

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