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To: Will Carson who wrote (2189)11/19/1997 4:03:00 PM
From: luis a. garcia  Respond to of 2615
 
Its a bargain but don't try and catch a falling knife like Peter Lynch
says.. the best way to participate is to average in as you go along...
I should say average up.. when it forms a base and decides to go up.
Earnings and the materialization of sustained earnings will determine that event. I need to look over the proxy etc... I mean there is no reason left on earth for them to issue any more pessimistic results..
they are off to the races.. big major event coming.. and the lowest float in history. I mean they have more in cash than their market capitalization? what is wrong with that picture.. I can buy them with their own money? Something whackky is gonna happen at this rate...
So if you are not risk averse and like the stock you should average in
some shares... but in my chart it fails to hold yesterdays bottom and so where is bottom? todays volume is large and maybe getting a little climactic so perhaps another low may become established.

luis



To: Will Carson who wrote (2189)11/19/1997 4:35:00 PM
From: luis a. garcia  Read Replies (1) | Respond to of 2615
 
Will somebody stepped in two minutes to close of market and bought a few thousand shares to close it at 1 9/16. Not much confort but the pattern is been that buying is taking place prior to closing... generally that is smart money buying.. maybe you?
Not enough to par the day we still bogeyed which is also an established and dominant pattern.. Yesterday we closed at 1 11/16 but our low was something like 1 1/2 and todays low was 1 7/16 or so... which is also a lower low for the day.. so.. the trend continues down for now.

luis