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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: James Young who wrote (13987)4/17/1998 7:15:00 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
Chat KSF: - Jim, KSF ran from 18 in late march to 24 early this week. This move follows a nice chart that based at 14-15 and started a healthy move up. I attribute the surge to 24 to take-over rumors, or "something's up with PZL" rumors. When that something's up proved to be a merger of KSF with a spin-off of PZL's oil service operations, the stock suffered the natural reaction of the lack of a take-over.
So where from here. Admittedly, the merging of two large oil change centers is not exactly YHOO or XCIT, but this should form a solid company going forward. TEchnically, I see the stock supporting between 16 and 18, and would defer purchases to see if the stock trades there. the 50 DMA is at 17, and would be a good entry point. From there, i think it is reasonable to expect a move back up to 20-21 in the short term. I would not be in a hurry to tie up capital in this stock though. One thing that might help it though, is the rumor that the combined oil change facilities might form a joint venture, called Slick Willie's and have Bill Clinton doing their advertising.
good luck. Larrrry