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Microcap & Penny Stocks : Cade Industries

CADE 45.16

-1.1%

Jan 9 9:30 AM EST

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To: ken carney who wrote (3542)	9/21/1999 6:03:00 PM
From: Bob Davis	Read Replies (1) of 3563

The Napeague Letter's "Research Notes" for September 19th included the following thoughts about CADE: Looking at CADE from a short-term viewpoint, it is clear that it has bounced off the resistance level "ceiling" and now may be headed back down again. Both momentum-based and volume-based technical indicators seem to be signaling a change in direction, but where it will base is not yet clear. My guess is that, barring any overall change in the market's direction, it will stabilize around $3.00, and then make another run upwards. The long term up-trend which began in June still seems to be intact. Fundamentally, the stock has an intrinsic value that is about twice its market price, but its next short-term market move is tough to call right now... The URL for the Napeague site can be found by clicking on the "Bob Davis", in blue, at the top of this posting. Bob Davis The Napeague Letter

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