Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (8145)	3/9/2001 1:52:00 PM
From: Jibacoa	Read Replies (1) of 13094

INAP: Seems to be finding support at 1 3/4. If it can close the Wednesday's down-gap at 3 5/8 it would be 103% gain from present levels.<g> There are about 14 analyst that follow the Co. Back in November when the stock was around 13 they were recommending it as a "strong buy" with a near target of 20.(Of course back in March last year before the bbl bust the H was 111)<g> On Wednesday a few (including MRL)changed the "ratings" from "buy" to "neutral" and the stock tanked. Some said INAP may be in need of "70 million financing" some time next year. In the mean time their sales have been increasing, institutions had been recently buying (they were holding more than 100% of the float) and the insiders still hold around 55%. It doesn't seem the stock is going to go "belly up" yet. (At least for the next several months.<g> Caveat: I bought some today at 1 23/32 Bernard

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