Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: current trend who wrote (4016)	1/20/1998 11:42:00 PM
From: LzzrdKing	Read Replies (2) of 7396

Mark, just curious, why was 35 the cover point on MCRL. If I was short it, I would have covered 32, as once it got there it was going to fly. MCRL broke downtrend with vengence today. Tomorrow should be interesting, IBM disappointing but other reports pretty good. I am holding very little in tech. I saw a stock you liked PZZI broke also. Looks good. You still like it? I saw some late news on ITEQ. Apparently they cancelled the deal since they didnt like matrix earnings report out last week and didnt want to have to bring the company back from the dead. apparently the deal wasnt going to be as accretive as they thought, so they bailed. I like this company a lot, they seem to be very sharp and the sector is good also. Since they preannounced good earnings for the year, I can even hold it thru earnings. If it takes out 12 1/4, it will test highs. Today it broke downtrend and cleared 50 day on huge vol. MDCO broke downtrend channel today also.

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