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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (13010)1/24/1999 9:37:00 PM
From: Sal D  Read Replies (1) of 29382
 
Sergio,
IFCI gap, as I see it there really hasn't been much retracement at all the complete fill would be at 6 3/8 and on the weekly chart we are seeing the gap for the first time. As you know there is no telling if and when it's going to fill, although volume has increased a little lately they can't seem to sustain it and it's tapering off right now. Next week should be interesting. If I was looking for entry I would look around 6 3/8 - 6 1/2 (if it get's that low) see what it looks like then and make a decision.
Staying with IFCI, there still is a fair amount of upgrading and rebuilding going on in the CATV industry. Probably another 2 years before it starts tapering off. I haven't taken a long look at it yet and you know how I am with these dame forms but on the S3s are you talking about the Series B Warrants.
Just for fun, on candlesticks you got a falling window (bearish) and with the 2 black candles preceding it you have extra warning. Also on the weekly chart you might have a double top forming but I doubt it.

ASVI not AVSI. I'm not sure but I think they will report around Feb. 12
I'm not expecting much this quarter with all the other stuff going on with the CAT thing. There is a special meeting of shareholders regarding the CAT transaction Jan. 28 at 1:00. I do believe they have added a night crew to keep up with production needs. I picked up some last week at 16 1/4 thought I nailed it pretty good at least I hope so.
Joe
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