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Strategies & Market Trends : Point and Figure Charting

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To: Hardline who wrote (23890)	9/28/1999 7:52:00 PM
From: Sergio H	Read Replies (1) of 34820

Hardline, I'm not here to split hairs with you.... Small or Micro, whatever. Reference to IFLO is in the Oberweiss July report. I wouldn't have posted the reference if it wasn't true. Try the word find feature. The other mutual fund's efforts (Bridgeway) have been a little more than worth their effort. Their investment in IFLO is up over 200%. Oberweiss initiated their position in IFLO at 3 3/4 and Bridgeway hasn't sold. I didn't understand your point in the last paragraph: <Fourth, someone else stated the IFLO will beat analysis estimates but only 1 analyst follows this stock. Which is a lot for market cap of 64m.> Wedbush Morgan has been very succesful in predicting price movement and earnings for IFLO. The analyst has hit two previous price targets this year. Very often when price targets are met brokerage houses reduce their rating. In the case of IFLO, Wedbush Morgan raised their rating at the beginning of summer when their price target was met. On the earnings issue, most IFLO followers are expecting the Co. to blow away the present estimates because the J & J deal is not fully valued in the estimates. Sergio

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