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Technology Stocks : Stock Swap

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To: Patrick Slevin who wrote (102)2/18/1997 9:00:00 AM
From: Trader X   of 17305
 
T & A on DME a dozen.....

Patrick, pretty aggresive chart for an ol savings and loan!

Here's what I think. I'd wait for it to pull back some after the recent run up. Bank stocks don't get into huge momentum swings usually, and the PE is already up over 18 now, very high for PE concious bank shares. Maybe on a pullback to 16? Just looks pretty over extended here, and the stock always seems to have a pullback after a couple of points up.

BTW, quote.yahoo.com
the chart shows a very pretty cup and handle pattern right in the middle.... unfortunately, 5 months too late to act on it.

Hope this helps you Patrick.
-Kevin
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