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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (9530)12/21/1997 1:15:00 PM
From: Tom Hua  Respond to of 79383
 
Also keeping an eye on TEAL. Waiting for that one to turn the corner
and then jumping in.


Sergio, as you know, TEAL has no debt, $3.1/share in cash, and a book value of $3.7. Company has undergone restructuring. Good news is TriTeal's products are considered very good by users as well as trade magazines. Company needs to demonstrate better sales execution. Stock is now under $2. It's gonna jump on any evidence of a turnaround. It may be safer to wait after that jump (possibly 30%) as it will subsequently go higher. On the other hand, at current level, it's hard to see much downside risk.

Regards,

Tom



To: Sergio H who wrote (9530)12/22/1997 2:21:00 AM
From: John_W  Respond to of 79383
 
Sergio,

With your urging I already made some $ trading SRSL. Got a nice ride from 6 5/8 to almost 8. If it hits below 7 again should I get on board again to go long? What is your mid term target.

Just got home from NYC late tonight. Hit my favorite SOHO flea market today before leaving--my teenagers like that stuff better than from 5th Avenue.

Doug thinks the Dow may breakdown the last week of '97 so some short positions make more sense than ever. I'll be hoping to ride the DLNK bob sled down the slope.

If you see any caution signs let me know.

John W.