The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: stan s. who wrote (37681)	5/8/1999 8:52:00 AM
From: stan s.	Read Replies (1) of 90042

MRVC, SFAM. I mentioned MRVC's double top break over resistance on Wednesday. It continues to move up forcefully and in an orderly fashion, very heavy volume, 40% move last week and better than a double in the last month. It tanked last fall so the chart still shows a lot of upside, CEO just returned from China. I'm assuming move is in anticipation of news. Anyway a good one to have on a watch list (at a minimum), downside would, at the moment, seem to be limited to the double break point of 10 5/8. SFAM, another tank, from 65 to 10. Big move on Friday. I know this thread abhors rumors so I mention this merely in the context of possible explanation for Thursday and Friday surge, 11 to 16. Apparently rumors circulating of a buyout. Speculative stuff on this one, I would not rush in but an ear to the ground might be wise. Massive volume. If it falters, 12 1/2 to 13 seems a reasonable point of support. Stan

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