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Non-Tech : Lufkin Industries (Nasdaq: LUFK) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Spitzer who wrote (6)2/18/1998 9:58:00 AM
From: Todd D. Wiener  Respond to of 103
 
The balance sheet looks good. Current ratio improved sequentially from 3.0 to 4.1. Working capital increased 8.5% sequentially. Return on equity has a run rate of more than 12%.

T



To: Richard Spitzer who wrote (6)2/19/1998 2:09:00 PM
From: Todd D. Wiener  Read Replies (2) | Respond to of 103
 
It looks as if LUFK may be breaking its downtrend today. It's up $2.50 at $32.75 on volume of 166,000 shares. There was a 100,000 block trade today, as well as a flurry of buying beforehand. I see resistance at $33.25 and $36, provided the stock can breakout today. I would assume that a close above $32.50 is a reversal of the downtrend.

Todd


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