Kaneb(KAB) Message Board

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Microcap & Penny Stocks : Kaneb(KAB)

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To: Robert T. Quasius who wrote (69)	9/23/1998 10:50:00 AM
From: Bob Davis	Read Replies (1) of 91

Last night I e-mailed an "Overview" issue of The Napeague Letter which focused on the six stocks that it follows which currently appear to be "strong and immediate investment opportunities". About KAB it commented that "Earlier in the month KAB announced that Kaneb Pipeline Partners had "acquired the Vancouver, Washington terminal of GATX Terminals Corporation. Although this acquisition was not made directly by KAB, it benefits them both as the general partner of the Pipeline Partnership and through the additional business which this will generate for its Pipeline & Terminal System business." "Although some volume-based indicators have been signaling buying in KAB for some time, momentum-based indicators are not really confirming this as conclusively as they could. I suspect that it will continue to build a base in the $5.00 area." Bob Davis The Napeague Letter napeague.com

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