Air Methods (airm) Message Board

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Microcap & Penny Stocks : Air Methods (airm)

AIRM 42.95

0.0%

Apr 24 5:00 PM EST

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To: joseph w renfrow who wrote (92)	10/10/1997 12:31:00 AM
From: Elliot Lepler	of 877

Don't worry Joe. I view today's action very positively. The chart had a small gap between 3 7/8 and 15/16. Technical analysts know that "all gaps are filled." Well, today we did it. Air Methods has been in a powerful uptrend and some digestion after the breakout above $4 was in order. Not to worry because: Brous predicts a 10 cent quarter, 27 cents this year and 57 cents for 1998. The 6 month target is $7 (conservative IMHO). Red Chip says 8 cents for this quarter and 24 cents and 45 cents for 1998. Also a $7 target. The company does not comment on earnings before the release, but I would not expect a report until near the mid-November deadline. The integration of Mercy will require more accounting thus an especially late filing. We may have some announcements before then, but I can not be sure. If you can buy stock near or under $4 my advice is to buy and hold.....for double digits of course. BTW both Brous and Red Chip do not include Blackhawk numbers in their estimates, leaving some nice potential for upside revision. Good luck and rest easy, Elliot

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