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Strategies & Market Trends : Three Amigos Stock Thread

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To: Magnatizer who wrote (9630)	10/18/1998 2:56:00 PM
From: Ken W	Read Replies (1) of 29382

David, As you have run shy of stock talk...I will come in attempt to save your day with a short suggestion. TRMB: A GPS tracking co. that was featured in the Magic 25 as a high flyer at 20 something. Magic now has a sell recommendation on the stock. On Oct. 6 the co. announced that it would lose more money than it has and will be closing and selling off unprofitable units. Having been a dumper on the announcement the stock did its dead cat bounce and came down off of 10 to 9 5/8...Short term support (verry short, 2 days) at 9 1/4. Looks to have been some short covering that brought the bounce off of a nothing news release on the 15th. Charts appear to show a 2 point gain on the way down if you are short soon. Still watching SPLH for which way it wants to go. Ken

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