Novacare (NOV) breaking out... Message Board

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Biotech / Medical : Novacare (NOV) breaking out...

NOV 15.67

+0.8%

3:59 PM EST

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To: Kelvin Taylor who wrote (297)	6/16/1998 12:50:00 AM
From: Todd D. Wiener	Read Replies (1) of 420

Kelvin- I think that NOV is attractive right now. Unfortunately, the rebound from $10.50 was only a correction in a downtrend, and NOV will probably revisit $10.50 or so, where it will put in a bottom (hopefully). According to the company, the fundamentals are good, so I continue to believe that the stock is undervalued. It's difficult to keep the faith sometimes, especially during market (and stock) corrections. But as long as the fundamentals for a particular stock remain positive, the best way to handle it is either to ignore the price fluctuations or take advantage of the low prices. I'm doing the latter, although not on NOV this time. I have recently lengthened my position in THQI at $21 and SMTC at $17. I plan to buy more NCES at slightly lower prices, too. NOV is technically weak-neutral right now. Any purchases should be made due to a positive fundamental picture, not technical. Good luck, Todd

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