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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: jair who wrote (7579)	1/17/2001 11:12:12 PM
From: Jibacoa	Respond to of 13094

Jair: TSCM: I am quite familiar with the company. I was a paying subscriber for a while last year, but dropped their service as most of the time didn't have time to read their multiple E-mails or even to read James Cramer and others comments on their home page. As far as the stock price, as you know it has been languishing at the 2 3/4 level for the last 3 or 4 months. The stock is selling below book and they reportedly have about $3.35/share in cash, relatively little debt and a current ratio around 4 1/2. The insiders reportedly hold about 46% and the institutions 26%(there has been some institutional buying in the last reported Q.)There are about 26.8 million shares out, but the float is around 14.5 million and the short position is around 7% and about 3.5 times the average daily volume, so there is a possible "short squeeze" if a rally ever materialize. There have been about 3 or 4 attempted rallies in the past several months:Oct.16, Nov.7, Dec.13and Dec. 29, but neither of those amounted to anything. On the 60 minute chart the next resistance is at the Dec.28 H (3 1/16). If it can close above that then the Dec.13 H at 3 3/8 and the Nov.7 H at 4 1/2. The money flow has remained on the negative side since Sept.15 and the Relative Strength has been sitting around 50 since Dec.7 As you probably know, for the 9 months ended last Sept. their revenues doubled, but the net loss increased 50% to $37 million. I would consider buying on a stop at 3 1/2 and consider selling it if it can't overcome the resistance at 4 1/2 or the loss at my entry point exceeds 10% In general, I don't see too much profit potential on it over the near future unless there are some unexpected positive news. I hope this will help you. Bernard