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Strategies & Market Trends : Options-Upcoming Stock Splits

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To: Madpinto who wrote (376)	8/2/1997 8:33:00 PM
From: JT Naso	of 415

Hear is one to look at. PGR - Progressive Insurance Company. This stock has risen approx. 40% this year. They are now at 109 - 110. I believe this stock is a great split candidate. The Company is headquartered in Mayfield Hts., Ohio, a suburb of Cleveland. It is growing by leaps and bounds and just last week had to buy an old vacant grocery store to move its commercial insurance service division and its 400 employees because its currant building can not house all its employees. They specialize in higher risk auto insurance but have been very succesful in standard insurance, as well. A broker firend of mine told me about the company about 2 weeks ago when it was trading around the low 90's. In the last two weeks it has shot up approx 15 points with only one day when it took a breather and dropped back a couple points. The following day it started back up again and has not quit. I would appreciate any comments or other information if anyone has any. Thanks and good luck.

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