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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (11076)	12/7/1998 9:26:00 PM
From: Ken W	Read Replies (3) of 29382

Sergio, PANL: Yikes!!! 6 employees, Insider disposing of the stock in July and actually had rev's for the first time (state grant) Q before last, now losing money at a faster rate than before. FA? TA wise, someone knew that that the news was coming on about the 4th of the Dec. and now the stock is at a short and mid term resistance level. All four of the charts I use show an overbought reading with downturning RSI's (hint) I bet they sell the news in the morning. Given the FA, volume etc. I'd avoid this one Sergio. JMO CYGN looks like a better short term play to me as it has a lot of support at 5 and resistance in the high 7's, Ken

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