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Microcap & Penny Stocks : NEW WORLD COFFEE (NWCI) IS A STRONG BUY
NWCI 0.00010000.0%Nov 7 12:59 PM EST

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To: Jim Mac who wrote (1613)10/6/1999 1:52:00 AM
From: glen   of 1625
 
I agree with your earnings forecast of $0.40+ for next year, and, your prognosis regarding analysts "buy" rec's coming after some sort of rally.

NWCI has absorbed the selling bout from two week's ago and is going through an accumulation period. The next large volume days may indeed see NWCI trading above the $2.00 level. And if that happens, I would expect an acceleration in price to the $4-5 area. Remember that this would only be the equivalent to $2.00-2.50 "pre-reverse split."

This scenario, IMO, could easily take place prior to 12/31/99.
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