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Technology Stocks : Quarterdeck: Making a Striking Comeback!

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To: Dowjoe who wrote (2829)5/3/1998 11:58:00 PM
From: Ron logo  Read Replies (2) of 3307
 
Dowjoe,
First off I am big on technical analysis, however you can not be all one and totally forget about the fundamentals. Technically this stock has tremendous support around the 1 1/2 range. Look at your charts. 3month, 1 year, even three years back. Watch your volume on the stock it is key. Especially on small issues. This stock has been getting a lot of attention by both the street and business reviews. I can not find a better turnaround situation than Qdek right now. This used to be a very high priced stock. For good reason it came down, but it does not warent a price of merely 1 1/2. There is alot of hidden value in this company. It is a perfect candidate for a buy out, although I think it is highly unlikely because mgmt. has been doing a fine job of initiating a turnaround strategy. This stock will need but 1- 2 quarters before it is a favorite. Look at the way there products are taking off just in march, april. These sales could not be reflected in the past report, a report that wall street was well aware off ahead of time. This stock is way oversold, with market makers in high short positions. What does this mean you ask? Simple it is going to make a move quickly and violently when provoked with good news. IE) The next quarters earnings report. These are just some of the reasons why I have chosen to take a position in this stock rather than trade it. Best of luck to the longs.............................RON
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