Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Robert Ague who wrote (5196)	6/14/1998 4:26:00 PM
From: CountofMoneyCristo	Read Replies (1) of 25711

ELCC, up over 70 % Friday on huge volume of more than 6 million (float 2.6 million), at 17/32, is poised for a big move tomorrow. Before the open, it is to receive an upgrade from Day Traders Online with a price target of 6. At 3 in late February and rock-bottom near support now. ELCC holds valuable FCC licenses and has recently retired a significant amount of debt. Interestingly, the axe in this stock is very controversial, under federal investigation, making it likely he will allow a rapid run-up to redeem himself, showing what a scrupulous good fellow he is. "DT," the professional who heads the Trading Desk at Day Traders Online, said Friday afternoon that "If this stock catches fire, it could easily run to 2." This stock should be classified "High-risk Speculation"; however, the upside looks good. With 5,000 Day Traders Online members following the upgrade, it may skyrocket. Keep an eye on it.

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