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Strategies & Market Trends : Multi-Day Momos -- Ignore unavailable to you. Want to Upgrade?


To: Lawrence Burg who wrote (14)3/19/1999 4:14:00 AM
From: Lawrence Burg  Respond to of 397
 
CVAN - Crown Vantage is a major producer of value-added paper products which operates in two business sectors, printing and publishing papers and specialty papers. For the 39 weeks ended 9/27/98, net sales decreased 5% to $649 million. Net loss increased 24% to $33.5 million. Revenues reflect a decrease in average selling price per ton. Net loss also reflects increased cost of goods sold and interest expense, and higher S/G/A expenses as a percentage of revenues.

Sounds boring, right? So why is the stock breaking through the 50DMA? Why has the TA been screaming up the last few weeks. Definitely keep an eye on any building intraday volume w/this one. Shoulda seen this one 2 days ago. Need to get up over 200K in volume.

They just got a listing extension from the NASD...need $5 by June. Best part of this technical recovery started only last week, so ya hafta kinda watch it intraday to see if it was just a buildup on the extension news, or there's really something brewing...

Funniest thing about this one is that the last 4 post on SI mentioning CVAN are all misspellings of the word "can"...:o)



To: Lawrence Burg who wrote (14)3/19/1999 4:19:00 AM
From: Lawrence Burg  Respond to of 397
 
What did exactly happen to PAMM last Friday? TA weak, though some trends rising. O's still weak. Don't get roped in, but keep it on the list. Looks like earnings will be released on the 31st, so you may get another run next week...5/4, some buying, mostly sales and intended sales...be careful...



To: Lawrence Burg who wrote (14)3/19/1999 4:41:00 AM
From: Lawrence Burg  Read Replies (1) | Respond to of 397
 
Mahaka lands a good one...LWN operates 1101 funeral homes (945 in U.S., 142 in Canada, 10 in the U.K. and four in Purto Rico) and 497 cemeteries in the U.S, six in Canada and seven in Puerto Rico. The Company also operates five insurance subsidiaries. For the nine months ended 9/98, revenues rose 7% to $878.2 million. Income according to US GAAP before extraordinary items and applicable to Com. fell 91% to $1.1 million. Results reflect acquisitions, offset by increased increased interest expenses related to expansion.

All I-buys, except for what appears to be the original owner/founder(?). 74/53 w/$0.66 in cash...only .26 in earnings...only? geez, they're trading at $2, so a pe of 8...should run to the 50DMA, somewhere between $3-4...last 6 days all big and green after a 2 day volume shakeout...TA starting to pick up the pace with trends turning as far back as early February. Oscillators starting to scream...only sneaky suspicion I have is that there's a huge tangle of SEC filings and equity placements...just a hunch though, it is the funaral business:o)

The play: They've been gapping it up every day, by about 1/16 - 1/8, so a continuation of the same beforer teh bell portends another of the up day steps of the past week. Be prepared to buy at the gap up, as the price does not seem to recede enough to get in anywhere lower, probably @ $2. Immediate stop loss at 1 5/8 - 3/4.

Paper buy for sure here, 3,000. If I can shake loose some cash I'll play for real...immediate target of $3, where the BBands and 50DMA come into play, but by then, the stop loss should be snugged up to keep a blackie.