Monday, November 06, 2006
After the close 11-07-2006...
At first I thought there would be lots of candidates for "falling knives" but after going over the fundamentals, volume, and institutional ownership, only one candidate survived.
ELOS: Good fundamentals, small cap (for a change), not the hottest chart but okay, some but not overwhelming institutional ownership, and a possible takeover target. $25 actually looks like a good entry, but I still would like a pullback, so $22.50 is the entry with an initial target of $32 (resistance of early 2006 gap).
Looks good,
Masterjaz out
ELOS: Good fundamentals, small cap (for a change), not the hottest chart but okay, some but not overwhelming institutional ownership, and a possible takeover target. $25 actually looks like a good entry, but I still would like a pullback, so $22.50 is the entry with an initial target of $32 (resistance of early 2006 gap).
Looks good,
Masterjaz out
# posted by Masterjaz Out @ 8:48 PM 
