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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (9772)9/17/1999 7:47:00 AM
From: CIMA  Read Replies (1) of 150070
 
KAZ.AL - From www.stockreviews.com Canadian Online Investor...

The company manufactures a line of snowboards, and recently signed an agreement with FAO
Schwartz to test market two of its products beginning in the fall of 1999.
Announced today that Identity, its wholly owned subsidiary, will open a new retail store in Kalispell, MT, near the world class Big Mountain ski resort in Whitefish, MT, and the new Blacktail Mountain resort.
The store will showcase the Identity line of snowboards and also offer a complete selection of boot bindings and accessories, as well as snowboard rentals.
Originally featured July 26; recently featured August 27.

After a strong run which reached a peak in late July and early August, the stock has consolidated in the $1.50 - $1.80 range, with some opportunities to buy as low as $1.30 and turn around for a quick flip. Volume has been very light during the past month, and although it will likely take heavy volume (sustained levels of 100,000 plus shares per day) for the stock to break out over $2.00 again, there may be some positive reaction next week as the company has been quiet on the news releases during the summer months. Speculation also exists that the company will make other major announcements in the next few weeks. Such speculation fueled the earlier run in the stock, but short term investors became impatient when the announcements didn't materialize as fast as expected. In the interim, investors should watch closely for the opportunity for flips within the current trading range until a breakout occurs.



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