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Technology Stocks : HS - CHS Electronics -- Ignore unavailable to you. Want to Upgrade?


To: Vegas Kate who wrote (1328)4/23/1999 6:06:00 PM
From: ChinuSFO  Read Replies (1) | Respond to of 1494
 
I'm not! I love it! I do believe we've seen our bottom. Broke my rule and bought more at 3 this AM.



To: Vegas Kate who wrote (1328)4/24/1999 2:11:00 PM
From: Joe Reich  Read Replies (1) | Respond to of 1494
 
Everybody's over at YAHOO.

Reasons for increase:

1) 31 days since big drop on March 22. Sellers who took losses on that date can now repurchase stock without invoking the IRS "wash sale" rule. Good for HS: new buyers establishing new long positions.

2) Steven Patrick, who writes The Patient Investor's Weekly Stock Pick, says its time to give CHS another look. Predicts short term 50% gain, to $4 1/2. See news release/CBS Marketwatch report.

3) Buyout rumors gaining momentum on various bulletin boards. Unable to determine if there are any validity to them, but, when "poured" on top of (1) and (2) above, it certainly adds fuel to the fire.

4) Various TA indicating extremely oversold condition - almost begging for a near-term rebound to the $4-$5 range.

Just my rough analysis of the situation.

Regards,

Joe (verrrry long on CHS)