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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (22223)	10/20/1998 6:10:00 AM
From: flickerful	Read Replies (1) \| Respond to of 79450

doug.... <<FOUR is still in the hold-on-to-the-seat-of-yer-pants stage here.>> no doubt...and thank you for taking a look. the fact is i have followed the sector for some time; as such, it is undergoing aggressive consolidation. among the players, four has a sterling reputation, and it has been absorbing some of the more valuable orbitals in its galaxy. the latest acquisition, it is alleged, will be accretive to earnings. this deal was struck after the following was released: <<Research News for FOUR MEDIA>> DateResearch News09/01/98 Recent revisions in Four Media's earnings forecast for 1998 have Wall Street looking for a 75.0% jump in earnings in 1998 from the $0.16 per share recorded in 1997. Over the last month industry analysts have made considerable increases to the earnings forecast, boosting it by 12.0% from $0.25 per share this time last month to the current estimate of $0.28 per share. thinly traded, it may well be seat of your pants stage, but it seems a promising wing in which to wait. given a solid TA bill of health simply has given me a reason to spend the cash i have been sitting on for the last couple of months. it was not until this week that i even considered taking long equity positions beyond core holdings. i felt entering at the presage stage was warranted for a position trade, even based alone on the % volume increase this afternoon. i expect it foreshadows earnings strength, or some other announcement. biz.yahoo.com regards, flick ps is there any truly negative sign you might heed, and that i might not see? i am looking for some evidence that a move would be sooner than later....notwithstanding any long term potential, i am interested for the time being, in position trades. i am still leery of the broader market.