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Strategies & Market Trends : Yeehaw candidates short-term picks -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (6)	11/25/2003 9:07:03 PM
From: Ken W	Read Replies (1) \| Respond to of 466

Mike Another short termer for your new thread: MTON looks ready for a nice rebound Metro One Telecommunications Inc (NASDAQ NM: MTON) SUMMARY: MTON chart extremely oversold and starting to reverse. Notice the high Short interest (6M shares short or 33% of the Float), which should help the stock to rebound fast if shorts get squeezed. Fundamentals are very undervalued: the company has NO DEBT and it's currently trading below Book Value (6.47) and Cash Value (2.18); Market Cap is only $52M vs Revenue $258M. TECHNICAL ANALYSIS: Price broke out today the downtrendline on the hourly chart on heavy buying volume. Volume triples the 60 days average volume. RSI broke out of the oversold area and also broke the downtrendline providing a confirmation of the buy signal. Additionally the indicator has remained in the oversold area for a period lower than 6 days and this is consistent with the indication of a light oversold condition as opposed to a severe oversold condition that according to Thomas DeMark's TD Duration Analysis is necessary in order to provide a reliable signal of reversal. Stochastics also broke out of the oversold area. Money flow (20 days) is picking up again after a period of distribution and is showing higher lows and higher highs. The upside tag in the Bollinger Bands is providing another bullish indicator supporting the reversal in trend. Given that the stock is close to its 52 weeks low all the indicators contribute to suggest that a major reversal is taking place. CHART: 6 Months Period stockcharts.com[l,a]daha... 1 Year Period stockcharts.com[l,a]daoa... StockConsultant.com 80% BULLISH, Target1 $2.57 (profit: 23%) - Target2 $2.74 (profit: 31.1%) stockconsultant.com 5-Day Forecast (Neural Network Analysis) tradetrek.com FUNDAMENTALS: Last: $2.09 Market Cap: 51.62M Price/Sales: 0.22 Price/Book: 0.29 Revenue: 257.95M Net Income Avl to Common: -9.89M Total Cash: 53.91M Total Cash Per Share: 2.18 Total Debt: 0 Book Value Per Share: 6.47 Shares Outstanding: 24.70M Float: 18.10M Shares Short: 6.01M Short % of Float: 33.23% I've follow the stock for a couple of weeks now and noted that on the second "52 week low" volume began to pick up with price breaking over 2.00...The shorts are covering! Ken