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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: Capitalizer who wrote (4867)6/26/1999 12:30:00 PM
From: Judy Muldawer  Read Replies (1) | Respond to of 6445
 
I am hoping that ESST will see $ 30 again. I think it is a possibility, but I don't know how long it will take. Closed at $ 12...up a point...good way to end the week.

Judy



To: Capitalizer who wrote (4867)6/26/1999 6:42:00 PM
From: Rita  Respond to of 6445
 
Friday's volume was respectable but not overly
great, suppose the breakout intensity was
constrained by the weak market. In the last
week or so, several posts on ESST thread seemed
to indicate active institutional trades.

I think there is more upside to this one
because the price/volume action has been
strong even on weak market days. The earning
is still a few weeks away so there is still
time to build up more. With the Fed meeting
looming next week, I would say some buying
strategy that you are comfortable with
probably would be profitable. (When I really
like a stock but am worry about the market,
I tend to still buy but buy 1/3 or 1/2 of
what I would have bought. If all works out
then buy more. PS. I did get all my ESST
shares last week though.)

The only thing that I don't like about ESST
is that last run did not last very long, the
new high it made then was a blow off. But
judging from the chart, for some folks it was
100% return for a very short holding. We
should be so lucky :-)!