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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (333)12/9/1997 3:36:00 PM
From: Malcolm BoydRead Replies (1) of 118717
 
A stock which has been beaten down badly in recent weeks is Peapod (PPOD) - now currently trading at 7, this stock hit 18 1/2 on its IPO debut in June. This unique Company sells (and delivers)groceries and consumer information on-line and has currently expanded to 8 cities in the US and over 160,000 members.

Smith Barney and JP Morgan both have buy recommendations on the stock and JP Morgan has stated that the stock has potential to hit $20 in the coming months.

Perhaps a tad risky for most investors right now but could provide a nice ride if :

a. web stocks come into favor again

b. the Company's 4th quarter membership number comes in above estimates (due out in late January)

Not trying to hype this stock for any selfish motive, just think it could be a nice little earner somewhere down the line ,

Malky.
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