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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE
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To: Sergio H who wrote (647)12/21/1997 4:33:00 PM
From: ChrisJP  Read Replies (1) of 2377
 
Hi Sergio,

Here is a number you can try to hear a tape of the conference call:

301-428-9100 Ask for investor relations.

I'm not gonna disagree with Dave H.'s TA of MLOG, but FA need to be applied to give the TA some perspective. MLOG dwindled down to 3 7/8 2 months after they announced their 2nd consective earnings of .10. As soon as news leaked that they were going to announce better earnings in August, the stock jumped to the high 5's and then at low 6's for a few weeks where it has some support.

So you're not going to see MLOG 4 1/2 unless the entire market corrects over 30%. According to the charts at www.iqc.com, MLOG is oversold, but turned the corner when it came off 5 3/4. The lack of volume is a bad momentum indicator, so perhaps MLOG is stuck in a 5 3/4 - 6 1/2 range (not unlike APCO's 6 5/8 - 7 1/4 range) until Jan contract announcements, Feb earnings announcement, and buying sentiment returns to small caps.

Regards and Happy Holidays,
Chris
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