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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Sung Chung who wrote (988)	3/3/1998 11:00:00 AM
From: Arthur Tang	Respond to of 1911

Thank you, Sung. What your observation is, is just idiom in technical jargon. The trending is more important observation. Breakout has to have momentum. The overhang of short interest, and the fundamental seasonal loss last year, all weigh heavily on AMES stockholders' valuation. AMES is promoting and trying to build traffic, which tells you, the real picture of their business and stock value. However, AMES is not commiting any mistakes they made last year. Lack of inventory, stores closing, therefore, lack of traffic resulted last year. Their formula of success is definitely intact and price points are improving. It is going to be another wonderful year for them again. Hope you are right on their nice move, to be anticipated shortly.