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Strategies & Market Trends : The picks
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To: Steven Messina,L.M.T. who wrote (1556)1/11/1997 6:06:00 PM
From: Trader X   of 6124
 
RE: TA on KNIC

For those thinking of buying this stock:
The chart on this stock is horrendous, a true "dog". after breaking major support at 8, the stock has continued to falter and now trades under 6. The .38 spread Steve has been making should fade soon as the prices start to dip even further. At a P/E of 70, KNIC is no bargain even at $6.

There are better stocks out there.

-Kevin
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