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Strategies & Market Trends : APMP (formerly APM)

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To: WTMHouston who wrote (10547)4/4/1998 9:25:00 AM
From: Richard Haugland  Read Replies (1) of 13456
 
***1 Stock - 1 Week*** EFII long open 4/6.

Looks like I am going to have to live or die with this stock this week, although I have traded in and out several times for profits. Real money involved yet. EFII has moved from 26 to 23 1/16 in the past three trading days during its "run-up" to earnings release next Thursday. However it has had a good ride upward from 14+ after its one day collapse from 40+ to 14+. Asian worries, which strongly contributed to its poor performance last quarter, destroyed the stock this past week but it only has a nickel per share analysts' estimate to beat too. Not for the faint of heart. Could set a record for the biggest loss of the contest on Friday, but at least I start from a relatively depressed recent price (barring a big gap up Monday, which I doubt will happen).
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