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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (401)	2/4/1998 12:43:00 PM
From: Sal D	Read Replies (1) of 29382

Cary, since 1994 ADX has been trading between 3 1/8 and 6 3/4. In August 1997 it gaped thru 6 3/4 and peaked in mid October at 12 1/2. It has been heading down since then and went all the way back down to the 6 3/4 level in mid December and has been heading up since then. Volume just about dried up in November but picked up a little last week. To be honest I dident even know earnings where being released at the end of the close today,(I only TA it for the first time Monday) that probably explains yesterdays strong move. Those are some big names mentioned in the press release, new coverage is good, buy ratings are good. Registered for 3 million shares and over 1.2 million shares in new positions during 7/97 and 9/97. I guess these are bad things? (you know me and my FA). Large float also. I think Ill wait till after the earnings report shacks out and take another look, there should be a dip here anyway. Im looking at possibly trading this I think it may test that 12 1/2 area sometime soon. Thanks for the Info. P.S. You know anything about Unisys Corp. UIS ? Joe

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