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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (5534)	3/28/1998 12:50:00 AM
From: LzzrdKing	Read Replies (1) \| Respond to of 7396

KELLSTROM INDUSTRIES scooted up 1 7/8 to 25, bouncing off its 50-day trendline on four times its usual trade. Analysts expect the supplier of engines and related parts for commercial jets to lift '98 net 39% to $1.32 a share, First Call says. That is from IBD monday. KELL was an example of the type of play I was talking about in my first post on this board. A stock that is taken down to support and bounces off the 50 day. I did add some at the close. KELL in my opinion is not only undervalued, but it is a takeover candidate, which gives it even more reason why it should be trading at a higher multiple. In my opinion it is just a matter of time till it breaks.