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Strategies & Market Trends : Position Trading Forum
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To: Don Pueblo who wrote (4808)11/1/1998 7:41:00 PM
From: Glenn  Read Replies (2) of 7247
 
Your recommendation on clearstation was very timely.
I'm reading Trading For a Living and am reading about the computerized charting techniques. They're confusing. Seems obvious in hindsight. Its seems very hard to predict which pattern is forming. ClearStation has the charts drawn out, has threads like this one that discuss the charts, and gives recommendation based on the charts of the day (tag and bag). I appreciate your input.

ps a posting from the discussion on HS that I got from that thread:

HS has a Book Value of $14.50, $176 Million in cash, and trades at PE = 7 on 98 estimates of $1.75. 1999 concensus estimates $2.06. They have already announced revenue for the current quarter will be $2.2 Billion. If they maintain their historical 1.15% net profit margin for the quarter they will net about $.44-.45 per share against estimates of $.39-.40. Earnings due on/about November 4.
Stock has heavy short position of 10.7 Million shares against a total issue of approximately 52 Million. There is roughly a 27 day to cover ratio.

The company has cancelled a German acquisition. The freed of capital for the purchase has been identified for a notes repurchase, stock buyback, and working capital. An extreme "short squeeze" is a very real possibility.
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