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Technology Stocks : edusoft (EDUSF)

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To: John Hayman who wrote (21)5/15/1997 11:56:00 AM
From: Arik T.G.   of 272
 
Hello John and Frank.
Just read the thread and I congretulate you both on keeping it alive. EDUSF looks good. Management credibility high after optimistic 4th Q review (looked for better latin america sales) came through 1st Q.
Stock reacted immediately and whomever got it first around $3 made a quick bundle same and following day. High vol. Breaking both downward trend and $4 barrier T.A. looks good. IMO renewed interest by small investors is enough. Institutional investors will glimpse at this one when market cap will reach $40M. That's $9 a share. Till then it's small and private investor market.
Fundementals suggest $6 a share target until 2nd Q results confirm improvement. If so, .50 a share net X 12 is minimum, making $6 the floor and $8-9 a flexible ceiling. After that, only continous improvement in 3rd and 4th Q (considered strong Q in sw) can throw the stock into institutional investors territory.

Good investing.
Arik.
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