Consolidated Stainless, Inc (NASDAQ PIPE) Message Board

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Microcap & Penny Stocks : Consolidated Stainless, Inc (NASDAQ PIPE)

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To: Richard Mazzarella who wrote (15)	11/30/1996 10:03:00 AM
From: TATRADER	of 108

Richard, you guys might be right about the tax loss selling, but this stock in my technical take is a winner...I should have held last week and bought more...Instead I sold and rebought....Why am I bullish? 1) A double bottom 2) A one-day volume price reversal....It happened Friday and that's why I bought in....We were under 4.00, and then did an about face, and moved above 4.50...You have to admit the volume was great....over 100,000.... 3) A positive press release...The company has raised prices that should stick...Result...increased earnings.... 4) An economy that still is gradually expanding.... 5) A new factory coming on line 6) As you study the sales over the past 5 years, they have been gradually expanding....They got caught with a large inventory last year, that now is being used up...This management team has learned its lesson..... I too may finish filling my position if we go back to 4.00....I may be taking some profits on AMTX and ERICY and using some to buy more PIPE.... BTW, Zeev, the spread is tightening......Regards, Mark P.S. Rfisher was right about RACE.....Should have listened to him....

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