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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sal D who wrote (395)2/4/1998 10:42:00 AM
From: Cary C  Read Replies (1) of 29382
 
Joe I didn't have alot of time this morning so I took a quick glance at ARX. News releases look favorable. AG Edwards and Soundview have initiated coverage within the last 2 weeks or so.
They have just been awarded contracts with several well known companies

biz.yahoo.com

It looks like when they registered for 3 million shares in the middle of November the market didn't take to kindly to the news. The company has since withdrawn the registration which appears to be helping also.
Of course this doesn't mean they can't reissue at a later date.

I wonder if the bulk of the move is in anticipation of earnings being released after the close today. Can the TA tell you if its because of good earnings or because of anticipated good earnings? Sorry probably a stupid question. I would think no but you know me and TA. Its interesting to see AG Edwards come out with a buy rating the day before earnings. Hmmm.

There was over 1.2 million shares in new positions during the
7/97 - 9/30/97 quarter. There are 14.1 million shares outstanding with 10.7 million in the float.

Hope some of this helps

Cary
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