SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Three Amigos Stock Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sal D who wrote (10426)11/22/1998 10:48:00 PM
From: Ken W  Read Replies (4) of 29382
 
Joe,

Looking for a book? (a vailed chance to promote a stock)

booksamillion.com

I did a price comparision on Michael Jordan's "Love of the Game" between AMZN and BAMM. If you join the millionaire's club with BAMM the book is 4 dollars cheaper than AMZN's discount price. Okay I own the stock and the wife owns AMZN...hedging again.

Sneaky lead into the FA.. Book is at 5.91 trading at 3x3.06 on above normal volume. They have 165 walkin stores in the southeast with various products other than books...coffee mugs, bookmarks etc. The ususal type stuff one would find in a bookstore. They have had a couple of poor Q's past, but the price appears to have hit a hard bottom as it did not sell off on Fri. as I expected. In fact closed above the 13 week average. BAMM has a 1.5 million share buyback approved and may have been what held the price up after the earnings release. Short is small.

Co. is expected to grow at 25% for 1999 and just opened two more stores. Insiders have bought shares 25K in Oct. and there has been no selling since Dec. of last year. Insiders own 34% of the stock.

TA wise the stock looks due for a nice run. RSI just crossed mid line, Stoch's are up with fast over slow in all periods tested. Money flow is sharply positive, AD line crossed over mid line sharply just prior to the closings over 3. Next resistance looks to be in the 5 area. MACD is positive and above signal line.

Comfirming all of this...All of the lights on Sergio's TA site just turned green on Thurs. (VBG)

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext