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Technology Stocks : Whittman-Hart (MRCH)

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To: Michael Gleeson who wrote (29)1/20/1997 7:43:00 AM
From: Berle Hollaway   of 109
 
Mike,
I agree that technicals look a bit ominous but a pattern has developed in WHIT's stats. Remember that this is still a young company, as far Wall Street is concerned, and people don't know what to expect. The pattern I have seen is based on this. Just before they are to report earnings, the stock dips to low points and then recovers. Of course, if earnings don't meet expectations then the recovery may take longer. I haven't heard of any earnings warnings and they have been blowing past the the street number in the previous qtrs. IMO, this would be a good time to buy. You could probably get a price around 21.75 but not much longer.
Berle
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