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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Thomas Frank who wrote (2000)	10/21/1997 4:50:00 PM
From: Crossy	of 37387

Thomas, IFCI now in a sidways phase "congestion band". The old time high (before now) at $5.5 (years ago) acted as a powerful support this time. I don't bet of it going up but it should at least be very strongly protected against downfalls IMHO. CMDL had a powerful breakout above old range today on HUGE volume. Oldtime high of $15.5 should pose next resistance. I bet on this one getting at least to that level for now. Then another retracement, after which new all time highs could set in. Implied PE of about 14.5. New product a further plus. Additionally they teamed up with Harris, a $3.8 bio company, which should lift CMDL's turnover of $31 mio significantly. Price to sales at 0.95, very low for telecom equipment. Company profitable. Only past growth record not too good but this could change with their new product & Harris linkup.. best wishes, seems You got a hot one again.. CROSSY

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