Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (938)	11/5/2007 7:04:15 PM
From: Jibacoa	Read Replies (1) of 1404

After its last rally from the 2.80 to the 6.08 level (a 157.69% run <g>) from Oct 2005 to Apr 2006, INVX had remained on its long term DT until recently, but it seems to have found support at the $0.78 level & is trying to get back above the $1. bigcharts.marketwatch.com It reported today its 4thQ results & the revenues & loss came in as per its recent guidance. The stock is now trading around 0.4xBV. I don't know if John Buckingham, the successor to Al Frank in Forbes' Prudent Speculator still has it on his portfolio, but the loss for 2008 is now estimated at < half the $1.10 loss in 2007 & for 2008 the EL is around $0.10/shr so things are expected to get better.<g> In spite of the losses, it seems the R/R isn't bad at present levels & I am planning on buying some with a protective SL at $0.80 & a first target at $1.30 & trying for a home run at $5 <g> bigcharts.marketwatch.com Bernard

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