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To: DanZ who wrote (47679)4/11/2003 1:03:53 AM
From: Kelvin Taylor  Respond to of 53068
 
Dan, I didn't see you mention investing in your statement. Investing in stock over past several years hasn't been a good idea which is my point. I don't know enough about MTXX to say if there is trouble. I was making a general comment on stocks that run into trouble. The market doesn't do what you expect it to all the time and you have to act accordling. Btw, thanks for the take on FLEX. I'll be waiting for the next reentery.



To: DanZ who wrote (47679)4/11/2003 7:49:26 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
as usual I'll take the other side in order to generate discussion

>>>MTXX has not been a good stock to trade the last couple of years because of the narrow trading range and low volume

hindsight of course is 20/20 but take a look at the ranges

QUARTERLY PRICES

Date Open High Low Close Volume
03/31/00 16.125 36.062 12.750 15.250 12,605,700
06/30/00 15.750 16.500 8.062 13.875 4,798,300
09/30/00 13.750 17.062 11.000 17.062 2,779,100
12/31/00 17.093 17.812 6.000 6.750 5,317,200
03/31/01 6.812 11.625 6.500 8.937 2,726,000
06/30/01 8.875 9.750 6.900 7.850 1,636,400
09/30/01 7.710 8.350 5.400 6.850 2,000,700
12/31/01 6.400 8.000 6.000 6.900 1,561,300
03/31/02 6.890 8.640 6.350 8.640 1,357,300
06/30/02 9.000 11.000 7.900 9.990 1,949,100
09/30/02 9.900 10.880 9.100 9.750 1,544,400
12/31/02 9.550 10.149 7.640 7.950 1,372,800
03/31/03 8.040 9.050 6.210 7.290 1,370,000
04/10/03 7.490 7.650 7.000 7.160 141,200

instead of holding for the entire time maybe trading around a core position would have given nice rewards

especially for one as patient as you are on this stock; willing to swing trade over weeks or months rather than 5 minutes

16 to 36
36 to 8
8 to 17
17 to 6
6 to 12
12 to 5
5 to 11
11 to 6
6 to ??

to me that is NOT a "narrow trading range "