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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (2241)8/28/1998 12:15:00 PM
From: virgil vancleave  Read Replies (1) of 18998
 
I have been reading posts here for awhile now and think the discussions are quite professional. some of the picks have been the same as mine based on technicals and fundamentals. examples are clst and abtx

I currently have short/put positions in a couple and thought I would pass them along for your opinion and maybe even profit.

first one is lhs group (lhsg) technicals look bad and just breaking 200 day moving average and a break through 41ish will take it down hard. fundamentally, it looks way overvalued and the recent exit of one of management could spell trouble. Also, notice all the insiders selling. Maybe they know something. Too much selling to be of no value.

Second one is pixr. I was a little late to the party on this one. I missed my sell signal at 50, but still think it has some good downside. technically, it setting on soem support below which it looks bloody. No support below 32 for 10 plus points. Fundamentally, it trades at over 50 time revenues (yes revenues) and it appears that most of the revenue growth is over. I have pixr pegged as a 10 to 15 dollar stock.

now for a chart pattern that i would like to point out for anyone interested. dis...... head and shopulder top with neckline at 35. downside target is 25 using swingrule. And doing some research indicates that they in fact missed the last earnings estimate.

I appreciate your opinions and will continue to contribute to the thread if you like. good luck.
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