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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: froche who wrote (13462)	8/16/1999 8:12:00 AM
From: Stock Watcher	Read Replies (1) \| Respond to of 52051

fr; on DNCC; been following this one a long time; chart doesn't paint a pretty picture; looks like support @ 1.75, but the stock has been on a steep decline since Feb. 99'; volume also looks weak; IMO, when the stock has a 'wash-out' on heavy volume, then look for a key turn-around (probably @ 1.25 - 1.50); considering the earnings projections for this year and next, the stock should be selling at a much higher price. if you have the patience, and can wait for a possible triple bottom, this one could really pay off within the next 6 months; it's a real yo-yo right now...welcome to the thread...regards, sw