Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: IsaacF1 who wrote (1519)	5/15/1998 10:39:00 AM
From: James Strauss	Read Replies (2) of 13094

RECY.... Isaac: Here is a post from the RECY thread... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We'll have to see what further statements RECY makes regarding this change of mind regarding their financing... The market doesn't like the news so far... My first impression was that perhaps there was some doubt about the Investment Bankers possible stock recommendation... This could explain why RECY might change their mind... This leads to: My second impression is a Machavellian scheme by the investment bankers that puts doubt in RECY's mind about a possible stock recommendation with the intent of having RECY change their mind about the financing deal... This would cause the stock price to drop... The investment bankers then get their clients in RECY at sub 7.00 prices... Then, they privately inform RECY that a recommendation of RECY stock is forthcoming... RECY then re-initiates the finance agreement... The result... The stock price jumps... "You Scratch My Back, I'll Scratch Your Back" in action... My contrary nature suggests the second scenario is more likely because interest rates have not gone up significantly (original reason given for not completing the deal)... After the initial selling, I'll be doing some buying... Jim

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