LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Evan Dimmer who wrote (35)	8/28/1998 2:57:00 PM
From: Ken Adams	Read Replies (1) of 43080

Hi Evan, I just read Scott's note to you regarding: anyway, does anyone have an opinion on Exide (EX)? He's the resident expert here, but I sure wouldn't be anxious to own any of EX very soon. I just checked it a moment ago and it's down 13/16 on the day and has put in multi-year lows at 10 - so far. OBV has been in a steady decline since early 1995, suggesting lack of interest on the buy side. Of course, as you've suggested, a buyout could be one way for price to move higher. But I wouldn't want to buy it now in hopes that might occur. How low can it go? Take a look at the last two years of NEOP. Best of luck! Ken

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