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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (6201)7/12/1998 12:37:00 AM
From: ilh1  Read Replies (1) of 25711
 
Stockwiz info on TEVT:

Technical Ventures (TEVT)

Technical Ventures is involved in the plastics industry. The company manufactures specialty plastic goods that are made to specific design for their customers.

We at Stockwiz have been in contact with TEVT for the past month trying to get an update on the company's progress. We have learned that TEVT has been in talks with Elf Aquitaine Ads (ELF) for the past month. Also TEVT is in the process ofbuilding two new plants (one which is in North Carolina). These plants are going to be financed by ELF. We have also heardTEVT has signed several contracts with major freight companies (i.e. U.P.S., Federal Express and a few others. ) The contracts that have been signed are for TEVT's bubble plastic packaging. This plastic is used to fill boxes before shipment so no damage occurs to the merchandise within the boxes being shipped.

There have been several rumors about ELF buying TEVT so ELF can do business in the United States. We have asked this question to TEVT and they would not confirm nor deny the rumor.

We at Stockwiz are very pleased with the company's ability to bring in new money and expand their business. We feel TEVT has a great future and will become a dominant player in the plastics market with the help of ELF.

Target Price.

Short Term: $1.50 - $2.25
Long Term: $6.00 - $7.00

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