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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: scouser who wrote (17393)11/14/1999 1:05:00 PM
From: Sergio H  Respond to of 29382
 
IFLO

Senor Scouser, I was waiting for someone to ask why not sell IFLO if the chart has a Head and Shoulders formation and it looks like IFLO is destined to lose about 1/2 point or 12% before finding buyers. Well, no one has asked, but......

Overall fundamentals have been improving, without price appreciation. It is quite possible that we're going to see a H&S failure, which would result in a breakout rally. Either way, via a breakout rally or a bounce off support, IFLO is going higher.

Sergio