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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: David Russell Coburn II who wrote (7121)	11/28/1997 3:33:00 PM
From: Platter	Read Replies (1) \| Respond to of 12039

Any thoughts on UFAB(UNIFAB INTERNATIONAL), it has been beaten down to $20 from high of $43.87 on 10/8/97.ÿ It began trading on 9/19/97, offering price $18.00, closed at $32.00 on first day of trading.ÿ Stock traded a high of $37.00 on the 10/29/97, when earnings released, up from a close of $34.75 the previous day. It Looks pretty cheap, presently close to its offering price.ÿ No change in fundamentals.ÿ Could this be another situation like IRIDF(IRIDIUM) which went down close to its offering price at $17.00 then rebounded to reach a high of $54.00 just recently.ÿ I will appreciate your opinion. Thanks Bryanÿÿÿ bf@mcione.com

To: David Russell Coburn II who wrote (7121)	11/28/1997 9:01:00 PM
From: gonzongo	Read Replies (2) \| Respond to of 12039

Thank you for your comments: WMT is a mystery to me as is most of the market- I am not really "hot" on any issue at the moment. Some folks are long at this point- some are short. I am waiting. I think DELL has a shot higher on the big caps and I see the Wilshire Small Cap index struggling.- see attached: geocities.com. So I am currently looking at big caps as well. WMT came to my attention because its bollinger bands(8 day) are tightening up at an alltime high. which usually indicates a move. I have seen many stocks move up in these conditions but other move down. There is support at 39 but a gap at 38.63( only 25 cents). ( see attached chart) The general uptrend is not yet broken but evidence could support it going either way. I usually call it the wrong way so I thought I would ask you. ( geocities.com )(note I am using Wednesday's info) andy