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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (440)1/29/1998 8:32:00 AM
From: Craig LiebermanRead Replies (2) of 118717
 
Dale,
I am invested in this one big time and would like your opinion again.
I wonder about the TA right now.
Here is the link to the earnings announcement this morning.

biz.yahoo.com

They just reported earnings increased 73% over last year due to some acquisitions. In addition they are solidly in the 20-30% growth category even in a low margin business. But they are given a PE in the 12 range.
day and weekly charts look like there will be a breakout, but I can't tell the direction. I think everyone was idling leading up to earnings announcement this morning. I believe that the street expected another disappointment, but they met earnings ($0.26 vs expected $0.25 for the quarter, $0.75 for the year as expected). The company has $3.74 in cash and $6 in share holder equity.
Sold for 9 1/8 at the close yesterday on low volume.

What do you think for a double in the next few months due to a value call? The stock is obviously underpriced after the 3% disappointment in the 3rd quarter. Time for a turn around?
Craig
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