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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (6741)	1/11/1999 1:34:00 AM
From: thumbelina	Respond to of 90042

I agree - point well taken.

To: Glenn who wrote (6741)	1/11/1999 4:09:00 AM
From: Waldeen	Respond to of 90042

Wow, Glenn, think you took my HBI post the wrong way from your reply to dawg! Just got back to reading the entire thread for the weekend. But funny post anyway. Hehe Okay, so it was late at night and I tried to push off some of the DD work onto dawg, and I think you took it as a "pump" and not as real info offered to the thread seeking advise. So, if you would, please take a minute and offer your opinion. Basically I see this stock as a "watch" and something to monitor, with DD done in advance so if (repeat if) it moves we'll be ready, the advantage of this stock being it is "undervalued" i.e. below book at the moment and trading near the 52 week low. Meaning, I've followed this for 6 months, and it has been rumored off-and-on for takeover, nothing ever official and the company won't comment on takeovers. I've not believed the takeover rumors then or now, but do feel the company balance sheet makes it a takeover target. That of course does not mean it will happen. Also I see little downside risk to jumping in at opportune times for short holds to see which way it turns. I do have a small (read 1k shares) position since first week in Jan after the price and volume spike on Dec. 31 am holding and evaluating. Homebase, Inc, not a penny stock, traded NYSE, symbol: HBI If you are not on the west coast this may be a new one, but otherwise not. Here's the yahoo link to business summary, biz.yahoo.com and current quote, quote.yahoo.com showing the company has $2.57 cash on hand for a ~$6 dollar stock with a book of ~$10. Why high book, well kind of different situation since the company has a lot of inventory that actually has real value. here's the link to the clearstation TA clearstation.com Note the jump in volume end of 98 and slow increase in average volume supporting the MACD histogram and fastline breaking 0 trending up, the stochastics have turned: tough to call at this point IMO, but then little downside risk. From the charts it looks to me as next week will be decisive, opinions??? Okay, this one's probably not going to really move without a takeover, and I'm not going to spread those rumors, but here's links both ways from the yahoo board (personally I think neither knows what they are talking about) no takeover, post.messages.yahoo.com@m2.yahoo.com yes takeover, post.messages.yahoo.com@m2.yahoo.com What would really help is if someone could look at time and sales to see who has been accumulating since Dec. 31, and if this is different than before then? And, an up to the day pointer to inside trading, if one exists? I could be wasting the threads bandwidth on this one, true. (But it's been late night bandwidth at that.) Still it looks to me like the next week will be decisive, and would like people to have time to react knowing what they are getting into, if it turns, that's all. Would appreciate opinions, help with time and sales, and insider selling info, but if this is not of interest, will just play via my own DD going forward. Will try to find something better for the thread. TIA for any help. Position trades holding into this week, aapl pwav athm ompt tmcs pair out xyln last week at 21.5, looking to re-enter, may be tough tomorrow with the lu/asnd news. Won't chase unless breaks 23. Waldeen