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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (2445)7/5/1999 5:52:00 PM
From: Tim Davies  Read Replies (1) of 150070
 
more on micro forum
MICROFORUM (MCF,TSE)
Institutionally Recommended by:
Canaccord Capital, based on Commerce Comparables whose
average P/S is 41.5, MCF's price target valuations are based on
FY 2000 projections with these P/S benchmarks:
P/S* Target Price
10 ****$13
15 ****$19.50
20 ****$26.00
Revenue Growth Background:
Microforum has shown excellent revenue growth in fiscal 1998. Q1
results which ended in May 31 posted a 310% revenue increase, Q2
which ended on August 31 posted another record revenue increase of
576% or over $6 million. Q3 results showed revenue growth jump of
625% which represents $9,059,212.
__________________________________________________________
TECHNICAL TRADING BOARD-MCF,TSE
Accumulation Date* Price********Technical Sell************Potential
>From 01/11/99------ $1.28------------01/19/99 $2.12**********+65%
>From 02/11/99------$1.55-------------04/13/99 $2.50 to $2.84 +61%~83%
(Notes: Sold 1/2 and held a core position)
------------------------------------04/28/99 $5.50 to $9.35+355%~603%
Target price exceeded. The TTB sold half again and will hold a core
position indefinitely.
looks like a good company
tim
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