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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (3596)12/29/1997 11:53:00 PM
From: LzzrdKing  Read Replies (1) of 7396
 
What makes you think ITEQ is going to 8?
Why would I not like that you said that? This is not science we are talking about. But if there is a jan effect, ITEQ is a prime candidate to feel its' effect. No connection to ASIA. Good valuation, and good institutional backing with DMGL PRUS and EVRN all supporting it. Tax loss selling hurting it now also. I say ITEQ never breaks 10. There has been nothing but good news from the co, and another accretive deal recently. Obviously, if the market continues to hate small caps, ITEQ will have trouble. Obviously, I will have a stop in under that double bottom. I personally believe there is a ton of money to be made on these beaten down small caps <the good ones> if you are patient. NTSC is another one, BTIC also.

Nice hammer on CLCI also today after a clean out.
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