MTCH (3/03/02
- 8.85) - Technical Stock Picks recommends
buying Metron Technology if it pulls back to break out point between 8.51
and 8.60. MTCH trades at well under 1x annual sales and in their
latest earnings report on January 10, 2002 they stated that they are seeing
first real pick-up in business.
MTCH
stock held up extremely well during Sept 2001 and did not pull back during
the last month of market declines. It has traded in a relatively
tight range since last May and we will use the Sept 2001 lows of 6 as a
stop to cut losses. MTCH broke out Friday and we give it a 6 month
target of 14.
Update- Stop triggered 07/11/02 at 5.99. Loss of 30% |
