The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: mrc who wrote (11845)	2/3/1998 9:34:00 PM
From: Ocote	Read Replies (1) of 79298

Rosalie-- Re NRVH I'm still new to NRVH, picked it up on high cash flow, pos RS screen, then noticed accumulation through the characteristic stairstep pattern up unfazed by the dark days of October and January. Now we've got the earnings blowout at .67. Interesting to look at the recent past: THIS YEAR EPS LAST YEAR EPS % CHANGE VELOCITYx10 ------------- ------------- --------- -------- Q3 97 0.59 Q3 96 0.27 118.5 7.5 Q2 97 0.46 Q2 96 0.34 35.2 2.8 Q1 97 0.36 Q1 96 0.39 -7.7 -0.8 Q4 96 0.27 Q4 95 -0.02 N/A 6.8 Zacks states yearly estimates of 2.42/sh, but it looks like that may be quickly revised, ~2.60 - $3.00/share @ P/E ~20 - 24 = $52-68. What do you think? From a technical point of view, given the chart pattern and the 6 M float, I would expect this stairstep pattern may lead into a exuberant spike, perhaps in excess to the fair value. I wonder what Doug may have to say about that. My own intention would to be to hold for a longer term goal of 60's. If that goal is accomplished rapidly due to exuberance, I may take profits more quickly than expected. I'd be glad for any thoughts you have. The above is a very initial read of the situation. Ocote

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