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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: David Graham who wrote (4459)1/2/1998 3:14:00 PM
From: James Strauss  Read Replies (1) of 4701
 
NWCI...

>>>What can you tell me about them? I don't know anything at all and am in the middle of annual inventory, short on time.<<<
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Grammy:

NWCI is New World Coffee... They run a chain of Coffee an Bagel shops...

Revenues are growing rapidly and they are on the verge of profitability... The stock just broke out from a base at 1 1/2... Now trading around 2.00... I think it will challenge its recent high in the 2 1/2 area... A close above a downsloping trendline at 2 1/4 opens up the possibility of challenging the 5.00 area after it takes out 2 1/2...

Jim
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