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Gold/Mining/Energy : Direct Focus Inc. (DFXI)

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To: trilobyte who wrote (84)9/7/1997 11:52:00 PM
From: diddlysquatz   of 768
 
Hi guys, I've been tracking this stock (I do own a small amount)for several months. I really like what I see, I believe there has been some institutional buying and the story I hear is that Sprott Securities may be beginning coverage on the company. News is expected sometime this week and it sounds like revenue numbers for August were much higher than the previous month. I expect to see the stock consolidate between $1.65 and $1.80 and then begin a move much higher. Based on its past growth rate this stock deserves a much higher P/E ratio somewhere closer to 20 - 25 times. That puts it closer to $4.00 or $5.00 within a year.

Cheers,

Paul
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