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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: Dave H who wrote (1798)1/23/1998 12:28:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 2377
 
Hi everyone.. was wondering if someone could take a look at IMSX from a technical viewpoint. IS this a double bottom here? What do you see short term on it? It had a great day yesterday on huge volume and today it has nice volume (not huge) but up strongly. Is this a 2x bottom ?

Fundamental story looks good to me.

Thanks in advance,
Mark



To: Dave H who wrote (1798)1/23/1998 9:21:00 PM
From: Sergio H  Read Replies (1) | Respond to of 2377
 
Dave, recent news on MAD may be in Spanish and we just don't know anything about it yet (g). The Company is a Chilean copper and aluminum products mfg. and supplier, mostly serving the telecommunications industry. MAD has recently expanded into Brazil, Peru and Argentina. Buying this stock is a play on South American infrastructure. The stock recently received a buy rating from Salomon Smith Barney. I don't see anything to explain 2 million shares traded on 1/22.

Sergio