Aames Financial (AAM) - Undervalued or what??? Message Board

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Non-Tech : Aames Financial (AAM) - Undervalued or what???

AAM 10.60

+0.4%

Nov 4 3:54 PM EST

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To: HHEFNER who wrote (471)	1/10/1999 7:26:00 PM
From: WEBNATURAL	Read Replies (2) of 510

I am not a fortune teller. I would like to be my own personal teller. With that said... Look at AAM's chart. It has been a long time since the $30 per share days. The low of close to $1.00 may have been tested recently. If it was we stopped well short of that. There appears to be a head and shoulders pattern and we are on the good side of it. If we continue to improve as we did last Friday, we might, eventually, see $12.00. This could come fast or slow. Look at the volume that it took for us to get here. All of the price and volume that we have to pass are all those other old shareholders still long in the stock from back then. As is said - the longer the time(back to each higher volume/price) - the easier the climb. Expect some fall backs as people take themselves out and some make profit. It looks like $12-$14 is in the future for this stock. Time will tell on the chart side. Profits to replace the hedge funds losses is another story. Someone who knows more on the fundamental, financial side should speak to this. I know a 1oo million is a lot of trust for a lender to give. The $1.00 deal for two years out looks better and better. This stock is not going to make the same mistakes. They will be back! $30.00 - well, let's wait and see. Oh, yeah! I've held this stock for just a short time. I'm a newbey to this thread. I own a beach head and am just now buying more property. I plan to buy more and plan to stay long towards that $30 you mentioned. No time soon, though. Hope this gave you some info. And, by the way - Go AAM!!!!!!!!!!!!!!

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