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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (539)2/6/2003 1:00:02 PM
From: Jibacoa   of 1404
 
AINN Is up 20% today on low volume of 17.4K (Not quite 2x its daily average.<g>)

It announced that sales for the Q ended Dec.31 were up to $9.8M, a 36% increase from the $7.2 M in the 3rdQ (but still 9% less than in the 4thQ of 2001.<g>)

The net income was $1.1M ($0.07/share)compared to the $3.1M loss in the 3rdQ. (In the 4thQ in 2001 it had a loss of $2.2M, or $0.14/share.)

On Dec.31 AINN reportedly had $24.0M in cash.

Insiders hold more than 40% and the float is less than 9M shares.

siliconinvestor.com

The stock is still facing resistance from the 3.50 to the 3.75 level.

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But with the improved earnings report, the R/R appears favorable at present levels.<g>

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Bernard
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