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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: EaglePutt who wrote (5594)	11/7/1998 11:57:00 PM
From: biffpincus	Respond to of 7247

My take on CMPC ... I don't know if CMPC is going to win me this month's Rev. Shark contest, (the last four days of last month, I would have had a shot) but it is acting rather strongly under unusual circumstances ... On Thursday, I thought I had a major loser on my hands before the open when a press release stated that CMPC was going to take a 25 million restructuring charge and close down 50 nationwide offices and become a "virtual IS company." Last year for this quarter, they did .26 cents, and this quarter was .08 cents, a HUGE difference ... I was prepared to sell all at the open and cash in on my profits from 2.75 and up but before I did I checked the pre-market action ... and found out it was only down a 1/4, so I held off the sell button...., and once the Labor Department's booboo stabilized the markets, I went off to work, unaware that Mr. Greenspan had given an ego boost to the Dow .... Also, at 3:30 on Thursday, there was a CMPC conference call to discuss the restructuring charge and the virtual office concept.... the stock ended up 1/8 at 5. I missed the CC, and called yesterday to listen in but was told there was no replay... I will call the company shortly to see if I can get a listen ... but there is some serious support to this stock when it had every reason to tank big time .... I'm very curious as to the workability of their total commitment to the virtual office scenario and doing away completely with the standard american business "brick and mortar" philosophy in terms of owning, paying, renting for company real estate . I'm guessing this is very much a move towards the future that many IS service companies will probably commit to shortly ... another indication of the power of the Internet ... the move initially scared me off, but now I'm beginning to turn and appreciate the boldness of their move ... is any one aware of similar nationwide businesses going completely online like this? I thought I'd share my thoughts ... with the technicals looking pretty good on the charts, on any dips, I'll be adding to my position here ... biff CMPC - COMPUCOM SYSTEMS Exchange: NASDAQ Delay: at least 15 minutes Last Price: 4 15/16 at 16:14 EST Change: Down 1/16 (-1.25%) High: 5 1/4 at 9:45 EST Low: 4 29/32 at 16:12 EST Open: 5 1/8 Previous Close: 5 on 11/5 Volume: 448,100 30-Day Avg. Volume: 303,000 Shares Outstanding: 46,285,000 52-Week High: 10.87 52-Week Low: 2 1/4 Beta: 1.56 Yield: Nil P/E Ratio: 11.22 EPS: 0.44 Currency Units: S&P Comstock

To: EaglePutt who wrote (5594)	11/8/1998 10:33:00 AM
From: Logistics	Respond to of 7247

EaglePutt, Here is a post by Doug on TA thread regarding PRMS: First, another example: PRMS broke out of an IHS on Tuesday. It retested the breakout in classic fashion and moved off the retest on excellent volume. The dates for the neck line on PRMS are along the highs on 9/9/98 and 10/20/98. PRMS is going to a min 17 very quickly. The trend lines supporting it are along the lows on 10/8 and 10/16/98 and the acceleration from the low on 10/16 to 11/5/98. The move off the retest occurring off that 2nd anchor of the acceleration strongly suggests a new acceleration is starting. Entry is advised here since the downside would be pegged by the 10/16 to 11/5 line which offers minimal downside risk if used as the stop loss trigger. I couldn't have said it better myself. JL