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Strategies & Market Trends : Contrarian Investing

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From: gcrispin	10/28/2006 8:03:25 AM
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I purchased IVGN yesterday. The stock traded down after earnings release on seven times average dailly volume. stockcharts.com The company has had problems integrating several acquisitions and has disappointed analysts with forward guidance. A recent Barrons article highlighted the strengths and recent pitfalls of the company. smartmoney.com The company has initiated a share buyback that, in retrospect, might have been too ambitious. Also, recent insider transactions have been small but positive. online.wsj.com I like the sector and currently own NPTH and MEDX at lower prices. I recently added ISIS. Message 22930741 I am suggesting IVGN as a contrarian play. As ugly as the chart looks, my hope is that much of the bad news is already established and that yesterday's testing of the 55/56 will hold to form a double bottom.

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