ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Mr. Pink who wrote (2191)	3/4/1998 7:08:00 PM
From: Joseph J. Valenzuela	Read Replies (1) of 7054

It seems to me that this stock has become an "obvious" short to many of the posters on this thread. To me, that's a bullish sign. I remember when AOL (then AMER, I believe) sank to the low $20's on smoke-and-mirrors. I felt I was a sucker because I got in around $30, losing 1/3 of my value in just a few weeks. Thank God I didn't sell when I--and the rest of the world, including Fidelity--thought that AOL was nothing more than a house of cards. I held on until it ran up to $38. Then I got out of the "house of cards"; thankful that I didn't lose my shirt. At $38 it was an "obvious" short, so why would I want to be long on such a dog? I got out at $38 in 1/97! Where did it close today 3/98? $113. I know comparing AOL to ACRT is like comparing apples to oranges so you all can spare me the sermon. But I've seen situations like this happen many times before. The storyline is essentially the same. I currently hold no position on ACRT, and it would go against all my rules for going long and short on stocks. ACRT fits none of my parameters in either direction. EPS Rank is 99, but Relative Strength sits at a mere 11. Accumulation/Distribution is a God-awful "E" (if that isn't obvious to everyone by now). However, I might initiate a small "speculative" long position. Risk capital. Money that I would have taken to Vegas. Something tells me that my odds are much better here, though. Best regards, Joe V

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