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

To: lazar921 who wrote (2069)	1/30/1998 1:48:00 PM
From: Tim Fierro	Read Replies (1) \| Respond to of 2377

Too much on things thinly traded and w little volume is just hit and miss in my mind. What kind of things are you looking for in your stock predictions? Most importantly the volume aspect. While you, and I too in some way, believe that volume has to be there in order for any move, what is a minimum volume you are looking for? Daily,Weekly, Monthly, 3 Month, etc... What kind of volume are you looking for the stocks you play or do you offer for this group when dealing with stocks say that are usually under $10. What other criteria do you use in your stock analysis of a company? Let's learn what you have to say to better help stock selections so that we all can make money. Tim

To: lazar921 who wrote (2069)	1/31/1998 8:29:00 AM
From: ChrisJP	Read Replies (2) \| Respond to of 2377

Hi Jeff, I've decided to throw my hat in the ring one more time. You see, although I'm not a core member of this thread, I'm the one who suggested MLOG would be a good candidate for a POW back in August. At the time it was moving off it's lows and quickly came back to it's resistance point at the time of 6 1/4. Its fundamentals lead me to believe that it is undervalued. They have great management, little to no debt, and a very asia-proof, ressession-proof line of business. In flat out terms, the stock should be at 9 of higher. On the down side, it is small and not well followed, which shields it from a lot of investor interest. As you also point out, it is thinly traded, which makes technical analysis less reliable. As you well know, by the time MLOG became a POW, it was hit by the small cap mania like many other stocks. Before the 56 team could get the word out, the stock began making its straight up move from 7 to 9. BTW, this fact flies in the face of the assertion that POW recommendation moves these stocks, because, as it turns out, POW followers got burned because the POW team's MLOG recommendation took 2 days more than usual. I definitely cautioned people to be careful about buying during such an unusual runup for the stock. I now feel the stock has bottomed. www.quote.com has charts which hint at this. If it closes above 6 next week or begins to move strongly towards 6 1/2, we will know for sure. I do not expect overnight results from MLOG, but in the next 6 - 9 months I believe its fundamentals will bear out and it will be trading over 9 where it belongs. I'll take a 50% return in 6 months, even though I'd like to see it sooner. Having said that I think the technicals hint at getting a nice up move soon. But do your own assessment. Disclaimer: I've been buying this stock in the 5's. That means my money is where my keyboard is !!! So there you have it, TA and FA. Regards, Chris