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Technology Stocks : Invision(INVN)going which way?
INVN 20.80+0.4%Oct 30 5:00 PM EST

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To: Jon Khymn who wrote (449)12/17/2001 10:38:52 PM
From: Hawkmoon   of 558
 
This frikin' stock tanked $8.00 and I don't hear any of these... What the hell is going on here????

Because everyone is still out of breath from laughing at all of the fools who were shorting it at $10/share... :0)

It's a consolidation. Stocks do that from time to time.

The last time this stock consolidated in a comparable manner was two weeks ago when it dropped from $28 to $24 as I thought it might.

Message 16750163

But this is certainly not over and I think someone's comment about INVN potentially becoming a $100/share stock sometime next year is certainly possible.

Right now, INVN has helped a bunch of money managers make up some of their losses from last year and I would reckon they are locking in profits in order to to negate their tax losses and come out flat.

But next year is a brand spanking new tax year, and I would expect some of these post-security bill orders to be recognized in future quarters. They may not receive orders to build 1,800 detectors from the US alone, but I would bet they get at least 500..

And then there's the rest of the world.

Right now, the stock is likely going to $35/share and has potential downside to $28-30/share.

Hawk
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