INVX Innovex Comdex Winner !! Message Board

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Technology Stocks : INVX Innovex Comdex Winner !!

INVX 22.52

-2.3%

Dec 12 9:30 AM EST

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To: Raffica who wrote (2159)	1/24/1998 11:12:00 PM
From: Douglas V. Fant	Read Replies (1) of 3029

Dave K., INVX realistically bottomed around $19.50 in December. We are still in a slight downward trendline with INVX although we are now getting close to the 50-day moving average which is now just hovering around $22.50. If you're a momentum investor put a long-term buy stop @ $23/share. If you're a value investor place a long-term buy order now at $19.625/share and see if you get lucky. Myself I have a slightly different strategy- I hold long-term and sell a call option every month in order relentlessly to reduce my basis in the stock during quiet times- and since INVX said next quarter will be flat my guess is that INVX will trade in a range of about the above-noted prices for awhile.... Sincerely, Doug F.

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