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Technology Stocks : Cornerstone Imaging (CRNR)

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To: RON FARRELL who wrote (229)6/13/1997 1:29:00 PM
From: Steve Robinett   of 430
 
Ron, CRNR is a thinly traded stock. That lack of liquitity makes it bounce around on light selling or buying. In addition, it is not widely followed, so your spill-over effect probably won't happen. It will move on actually earnings. The risk here is low. They have about $3/shr cash, which gives them a market cap below .5xsales. They are also basically a monitor company, very unsexy. If they can show some revs off the software side, the stock will be priced between $10-12. Don't read too much into the short-term price movement. It seems to me (I bought in a 8 1/16), fundamentals are the key. This is not a momentum stock.
Hang in there,
Steve
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