Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: fastcats who wrote (15831)	2/19/2003 10:11:21 AM
From: Bruce A. Brotnov	Read Replies (1) of 16631

According to CNBC the down grade for INVN was because of concern for cutbacks in the Federal budget that provides a major portion of the revenue. I am skeptical of that concern in this environment that we suddenly aren't worried about inspecting baggage being loaded on airplanes. I guess the analyst think the terrorists have gone away. Amazing how they can gang up on such a powerful stock. Long term they are bound to slow down but I suspect they have enough back log to meet $1 or more a share for the next 2 quarters anyway. I think they have also been expanding orders from around the world as well as other airports want the same screening equipment used in most of the US airports. I think 21.60 was the low the other day when they first bombarded INVN with sell programs, we need to continue to hold that and find a "real analyst". Bruce

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