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

To: David Graham who wrote (1988)	1/28/1998 12:37:00 PM
From: Dave H	Respond to of 2377

Grammy, Thanks for the interpretation of AMVC earnings. AMVC has been being sold off steadily for weeks now (which is what really helped create this buy sequential) -- how the earnings release is digested will decide which way AMVC will go in the very near term. I wonder what Doug's take is on AMVC now that he is out of it. (I would guess not very good! ;)) -dave

To: David Graham who wrote (1988)	1/28/1998 12:42:00 PM
From: lazar921	Read Replies (3) \| Respond to of 2377

david...i don't know if you have been following the "discussion" of AMVC by doug and his followers but as you know AMVC picked by dougs "sophisticated ta" has only produced a 20+% loss in 7 weeks since the pick on 12/02/97 at 2 1/4...i am out of this one and thank god i didnt average down as doug suggested. i hope you didnt. it may turn out okay...i haven't been following closely since i sold...who knows what reaction to earnings will bring...but this chart looks very weak and a P?E of 4 is not a "bargain" or "value" as doug would have you believe....it is a 2$ stock for a reason...depending on your risk tolerance and expectations, i would dump this and sell into the next "rally"...it is low so could pop back a bit. But putting your $$ in a more substantial co w charts that TA can be successfully be applied to may not be a bad idea, jeff