EGS-worth watching..

Riz

Experienced member
1,266 5
#1
EGS has been bullish following its interim results last week..today`s dip didn`t have much effect on it...down only -7..they showed strong L2 most of the day..buys outnumbered sells..went up to 515 before Nas opened..at 495 they are worth watching closely..

By the way HSBC Securities reiterated its “buy” stance at 502p.
 

Riz

Experienced member
1,266 5
#3
UP +24.5 to 465 despite fears that the telecoms carrier may lose its contract with Freeserve should the Internet service provider succumb to a merger with Wanadoo, its French rival. As Freeserve generated some 10 per cent of Energis’s revenues at the half-year stage, and, according to Deutsche Bank, will account for around 40 per cent of its earnings before interest, tax, depreciation and amortisation for the year to March. The broker rating Energis “underperform”, left the shares 50½p cheaper at 440½p yesterday. Energis said its contract with Freeserve runs until September 2003, however.

Have a look at the list of those recommending EGs since Nov 13..

13-Nov Energis (EGS) Morgan Stanley Dean Witter Strong Buy Strong Buy 750p 476p
14-Nov Energis (EGS) ABN Amro Buy Buy 880p 457p
14-Nov Energis (EGS) Dresdner Kleinwort Benson Buy Buy 457p
14-Nov Energis (EGS) HSBC Securities Buy Buy 457p
14-Nov Energis (EGS) ING Barings Charterhouse Add Hold 457p
14-Nov Energis (EGS) Merrill Lynch Buy Buy 457p
14-Nov Energis (EGS) Nomura Buy Buy 457p
14-Nov Energis (EGS) SG Securities Buy Buy 640p 457p
14-Nov Energis (EGS) Teather & Greenwood Buy Buy 457p
14-Nov Energis (EGS) UBS Warburg Buy Buy 457p
15-Nov Energis (EGS) Dresdner Kleinwort Benson Buy Buy 490p
15-Nov Energis (EGS) Goldman Sachs Recommended List Recommended List 490p
15-Nov Energis (EGS) Morgan Stanley Dean Witter Strong Buy Strong Buy 750p 490p
 

Riz

Experienced member
1,266 5
#4
EGS is up +11 to 476..by the end of next week this stock might well be at 520-550..keep watching EGS which has still got a lot of scop for improvement..

PS: it has to go up anyway for the sake of competition if not anything..hehe
 

Riz

Experienced member
1,266 5
#5
Another well-performed day for EGS (485 +9) which kept testing 500 resistance level most afternoon before falling to 480, when I took the opportunity and I got in, and ending the day at 485..

charts look quite positive and just about to give all signs of a long uptrend if not interrupted buy negative news or market sentiment/down trend: price crossed 5 day EMA which is heading up to cross 10 day SMA..14 day fast stochastics K just crossed above D..14 day RSI well over 30 heading up for 50..MACD line heading up to cross over signal line..14 day money flow index signalling up..on balance volume heading up..if all these positive signals sustain the chart and signals might just shape up for a long term uptrend..we need to see EGS managing to break and stay above 500 resistance level, before expecting her to head for 550 and 600 from there..
 

Riz

Experienced member
1,266 5
#6
CSFB has initiated coverage of Energis recommending "buy" at 495p...

[This message has been edited by rizgar (edited 04-12-2000).]
 

Riz

Experienced member
1,266 5
#7
For the sake of continuity up 15 today to 563...and me puts an end to this thread...

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Riz

Experienced member
1,266 5
#9
Thanks Mark, nice contribution and I like the comment you made on my signature.. :)
It reminds me my life by the way...