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Non-Tech : Invest / LTD
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To: wlheatmoon who wrote (3474)9/28/1998 9:39:00 PM
From: waverider  Read Replies (2) of 14427
 
Mike, EK is a mystery to me. It has lousy film and a bloated valuation, but it's price movement is too unclear for me to make any kind of trade decision on it. I like more obvious plays like NKE which has clearer support/resistance levels.

EK is resting on it's lower BB which it has bounced off once before. If we rally tomorrow, it will do it again. Therefore, I am not interested. If we sell off, it might be good for a run down to $75. But the risk/reward here is not what I like to see.

Use your cash wisely.

<H>
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