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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (51358)	12/27/1999 1:15:00 PM
From: DO$Kapital	Read Replies (1) \| Respond to of 108040

Here ya go...... Retek Inc(Ipo) ( NASDAQ : RETK ) Symbol Last Time Change High Low Volume ----- ---- ---- ----- ---- --- ----- RETK 54.88 4:16PM -1.13 59.50 53.75 586,200 Community Take -------------- 32 Long / 0 Short 'kensey' said: Retek (RETK). Recent IPO. Seems to have put in a bottom. The case is laid out on the 10-day interactive chart. This chart is embedded below. If you are using a mail reader that is in text mode, you'll see the link to the chart but not the chart. In that case, you need to view this recommendation on the clearstation site. which shall render the chart. <img src=http://www.clearstation.com/cgi-bin/rgraph?Symbol=RETK&gs=Me...> Note : the formation is somewhat of a reverse head and shoulders. Retek topped out just north of 80 on 12/12 which culminated a somewhat linear run-up since going public in mid November. Next is/was a pretty linear decline that hit bottom on 12/22 just a bit above 50 a share. On Balance Volume during this decline shows a gradual slope down. But since 12/22 OBV has turned around and started to trace higher. In addition, we see heavy buying on the volume indicator graph. So sellers are gone and buyers are on the scene attempting a reverse. 12/22 looks like a bottom for a number of reasons. One, the stock recoiled sharply off the low of the day and closed at the high of the day. Next, the stock traded more volume that day than on any of the proceeding days during which the stock went from 80 to 50. Next, selling over the past week grew weaker and weaker until it eventually dried up. That is the case for 'sellers be gone'. What is the fundamental case? Not sure. There are some links to throw at you but at this point not much DATA is as of yet on file. No published earnings report. No inkling on what kind of revenues the company is doing or what kind of traction they are getting in the marketplace. Those in the know are the analysts that are talking to management. This blurb from a Jeffries & Co. analyst casts Retek as operating in the PurchasePro space (and we all know how that stock has been doing). In addition, this blurb states that Retek is already profitable. Huh? Profitable? 'Retek is benefiting because essentially Retek is providing a forum that's very similar to PurchasePro in the sense that it brings together retailers and suppliers in a collaborative forum that makes it possible to transact,'' Williams told Reuters. ''The idea is that the marketplace is catching on and that if you like PurchasePro, then you should like Retek. That brings new players, new investors to Retek, that had not understood what Retek did,'' he added. Williams said Retek's stock is attractive to investors because it is less risky than other Internet stocks. Retek has a dominant market share and is already profitable, he said. The full text of this article is here : biz.yahoo.com another spinnish one is here : biz.yahoo.com the rest of 'em are here : biz.yahoo.com