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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?


To: Stocker who wrote (906)12/10/1998 12:38:00 PM
From: Graham Dellaire  Read Replies (1) | Respond to of 2453
 
Calling a bottom is tough. You need to use technicals. We need to close above 5 for two consecutive days to trigger a trend reversal.

Anyone else dable in technicals?

Graham



To: Stocker who wrote (906)12/10/1998 3:46:00 PM
From: JD_Canuck  Read Replies (1) | Respond to of 2453
 
In my opinion, we just saw the bottom. and on the issue of Eskimo Pie, i believe Yogen Fruz is buying a product they know they can market. My TA's indicate the buy phase as well. Just adding more in at this new, lower price.



To: Stocker who wrote (906)12/10/1998 9:03:00 PM
From: lib  Read Replies (1) | Respond to of 2453
 
"If you take a look, the price went from around $7 in the month ahead of earnings to less than $5 the day of the announcement. The market was pricing in earnings problems. Since the announcement, the stock has drifted lower to $4'ish. Poor reaction in my opinion."

Don't mean to bicker, but you would be for the most part incorrect. A few weeks before the earnings release, YF was trading in the 4.50 - 4.80 range. The day after the release, and the days following, YF traded consistently in the 5.10 - 5.40 range. Not indicative of a "poor reaction".

Why are we now in the $4 range? - tax loss selling, which should dry up soon, if not already.