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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (16681)3/25/2003 8:44:05 PM
From: Steve168  Read Replies (2) of 78670
 
ALVR: Under Cash, no debt, trending up.

This company is in a niche market of Broadband Wireless Access. The last round of telecom crash drove WCOM, Sprint PCS and other big players out of this market. ALVR is the leader and trading under cash.

Technically (chart) the stock is trending up. Built a base at $1.85 for the past half year. Volume dried up lately while stock moving up slowly seemed to suggest that the selling had gone thru its course. My GTC buy order for 5000 shares at 1.92 was filled yesterday (3.5% drop in DOW, NASDAQ). I believe buying below $2 is a steal.

Best, Steve
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