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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bill Zeman who wrote (6001)	2/9/1999 10:42:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 78464

Hi Bill, As I remember CLCX had to restate earnings which caused one of those massive 50% over night drops. Then came the share holder suits and at the same time one of the state boards of education climbed all over them for some minor accounting errors. Recent news suggests they have cleared up most of the messes. I'll often pick something out of the NASDAQ looser list and track it for awhile until it bottoms out. I thought CLCX looked interesting when it gapped down big but there wasn't even a dead cat bounce so I put it at the bottom of my quote page and more or less forgot about it. Yesterday it caught my attention when it bounced a buck for no reason. 1K trades were bouncing across the screen as fast as they could go. Like I mentioned, day trading action really abuses a stock for a week or two after a run. It sucks in a lot of slower players that don't understand the idea of taking a 6%+ profit 20 minutes after taking a position. There has been substantial insider buying in recent months in the $5 range and it has formed a decent consolidation bottom pattern since it first hit 4 1/2. I might take a position if it pulls back into the 4 1/2-4 3/4 range without going lower. If support holds at 4 1/2, it should start heading north again. Another little beater stock I have a small position in is ELCO. marketguide.com There are some interesting news items over at yahoo. Yes, it's true, I use yahoo to do some of my research. Most of the stuff I need is all in one place, although I usually go to free edgar for SEC filings. Regards, Don PS I'll take a look at some of the oil stocks you posted when I get time. Looks like you came up with some worth checking into.