For those of you who really hate Netscape.
After all the emotions and points of view regarding NSCP, the "Worst
Stock of `96" here is the alternative which is much less expensive,
undervalued, and at the same time providing the equivalent in thrill.
Applix Inc. produces Applixware, Unix based applications for the
Internet, real-time decision support. It has major contracts, including
Sun Microsystems, which is a tremendous endorsement for their
technology. Its revenues grew sharply, 70% recently for the nine
months. It recently split at 2 for 1, and on the day of a major selloff,
it set a new year high at 29. Six analysts are
following the company, including Cowen, Soundview Financial,
and Needam. All of them have a strong buy, next earnings report
is expected after tomorrow's close, January 31. Look for 120% increase in EPS.
The stock is poised for further moves. The relative strength at 97.
The stock is under heavy accumulation.
Just today, it went up 2 1/4, with large blocks crossing the tape, one
of them was 46,500 shares, at 24 1/4. The closing bid and ask were
25 1/2, 26 1/4. The near term target is 29 1/2. If you need more
information, go to applix.com I hope that there will be a
nice new thread, and some fresh blood in our discussion. Good luck
in trading.
--Magnifique |
