Discussion in 'Trading' started by Toonces, Mar 4, 2004.
Big increase in revenues for 04. Not too hard to interpret the news but usually the aquiring company takes a hit in it's issue price, this time the aquiring company issue went up. Very nice, esp if you got there in the first minute, it opened only 4% above it's previous high.
I shorted it at 28, I have some unresolved issues with them.
Might have a bit of resistance @ $28- 30 area;
but strong technicals & fundamentals including excellant website. !
Some players dont like that high price/earnings ratio;
many more including William O. Neill of IBD dont pay much attention to that.
So, is this the Freudian anti-paternal setup?
Personaly like Martha Stewart & her writing style;
but that happens with a semiliquid micro cap stock $17 peak today down to $10.89
ASKJ has many times the daily volume , + market cap compared to MSO;
helps at selling time.
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