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Technology Stocks : Stock Swap

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To: Trader X who wrote (439)2/22/1997 10:18:00 AM
From: Trader X   of 17305
 
ESST Update, short and long-term.

Pullback I was waiting a month for took place all in one week.

If you didn't get in at the low ~23, take heart. Next few days could see resistence @ $27 bring prices back to 25-26.

Looking forward.
In Elliot Wave terms, stock has made primary waves 1 and 2, doubling in price each time. I expect wave 3 to double the price from closing lows of 24 which held on Wed. and Thu. Each of the previous 2 waves took 3 months to double the price.

Broker recommendations:
quote.yahoo.com

ESST has 41ml shares outstanding. Nothing I say here will budge the stock. I am already invested @ 24.5 average. Do your homework.

KH
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