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Strategies & Market Trends : RENEGADE TRADER'S INVESTMENT FORUM -- Ignore unavailable to you. Want to Upgrade?


To: flyboy who wrote (126)9/29/1998 5:04:00 PM
From: kendall harmon  Respond to of 1764
 
ESCMF appears dramatically oversold today and is a prime candidate for a bounce back tomorrow. It even made a nice intraday comeback from 6 1/4 to 6 1/2 at the close.

The company has a good product and the future, after the present quarter, looks bright. They even have a significant amount of cash on hand and may consider a buyback.

Now that the news is out and many panic sellers and institutions have dumped their shares, the stock can rebound.



To: flyboy who wrote (126)9/29/1998 6:17:00 PM
From: NASDBULL  Read Replies (1) | Respond to of 1764
 
Yes, I saw all that action in MRVC.

I started buy into MRVC one day before the stock went up big. Dropping slowly from $8.5 because of nothing new, but I think holders will be pleasantly surprised.

Will continue to buy MRVC.

I got killed yesterday and today on CBTSY. Market is so unpredictable. It used to be so easy to get a bounce. Not any more.

Good luck on ESCMF.

NASDBULL



To: flyboy who wrote (126)9/29/1998 9:34:00 PM
From: HandsOn  Read Replies (1) | Respond to of 1764
 
Hey neighbor, I also got in ESCMF AT 6 9/16 but decided to hold overnight. I was tempted to take profits, but thought it might gap before close. Incredible amount of dumping Today by institutions, strong fundamentals should result in buyers pouring in Tomorrow and Thursday. IMO should see 9 by FRI. easily, got to run My 22 month old son wants to play with Dad.