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

To: Susan Saline who wrote (15485)7/29/1998 9:13:00 AM
From: tom pope  Read Replies (1) | Respond to of 53068
 
MTIC

Thanks, Sue. The run-up yesterday may have been in response to earnings release today or tomorrow. I agree it's playable.

Remember I mentioned ECGOF some time ago? It made a run from 3 1/2 to almost 6, but instead of positioning it I played it twice for measly 1/4-3/8's each time. Yesterday was a no-brainer - it touched 3 9/16, I saw it, had the money in my trading account to buy a bunch of shares, AND DID NOTHING ABOUT IT! It closed at 4 3/16.

As you like to say, Sheesh!



To: Susan Saline who wrote (15485)7/29/1998 9:37:00 AM
From: DanZ  Respond to of 53068
 
DWRX.

Released earnings after the close yesterday in line with the reduced estimates. Forward looking statements indicate further margin pressures in the next two quarters. Sales growth very good. The stock is trading up on the open this morning leading me to believe that this news is already discounted. Resistance 9 1/4...if it gets through there, not much resistance until 10 to 11. I'm holding a position in the stock at 9 1/8.

Dan


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