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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jim H who wrote (8746)	9/13/1998 8:54:00 PM
From: JoeinIowa	Read Replies (2) \| Respond to of 29382

Jim, AMES. All I can say is that if they meet earnings expectations for the year I think they will return to the 20's. I'm cautious because I can not figure out why they are so weak right now. If its only because of the downgrades in their sector than it should be a good play. I've marked the APR 15's or Jan 12.5's as the best option play for me. Of course I would like a down market to enter and everyone is screaming rally. Good Luck. Jose

To: Jim H who wrote (8746)	9/13/1998 9:03:00 PM
From: LTK007	Read Replies (1) \| Respond to of 29382

Jim H I am watching AMES with extreme interest but I should note I myself have not yet bought in--I am turning into a bit of TA aficiando-and the TA on AMES right now is extremely weak--like Joe I am at a loss to explain why AMES has been so severely oversold--but there is an indication that a lot of shorts covered last week---Good Luck,Max

To: Jim H who wrote (8746)	9/13/1998 9:14:00 PM
From: LTK007	Read Replies (1) \| Respond to of 29382

Jim H this 5day chart of AMES is fascinating--after several days of heavy volume,and alarming sell-off you will see An Event occurred at the very end of the day on Thursday--it is my suspicion that for some reason the shorts covered at that time,and on Friday we had a 3xavgvol. 1/4 point up day---so your going in tomorrow is not a bad notion --but I am still mystified about the very dramatic,without news selling that preceded the last 15 minutes of Thursday.Max the link quote.yahoo.com but I am just going to wait a bit more Jim to see where this is going near term