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Microcap & Penny Stocks : INNOVO (INNO)
INNO 0.0790-21.0%Jan 21 4:00 PM EST

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To: Del Eastham who wrote (309)10/17/1996 8:59:00 PM
From: nick nelson   of 4179
 
Innovo's stock appreciation potential from this level does not look good for at least another year... say until 1998?

Now selling at less than 3/8 with more negative earnings to come, even after the Olympic success?... the stock is going to continue to slide. Within the next 3 to 6 months Innovo will be delisted to the Nasdaq OTC:BB.

With possibly a small earnings profit beginning in the late spring of
1997 diluted over about 18,000,000 shares... Innovo could rebound
to 1/2 by next June. In spring of 1998, if all goes well and Ms.
Anderson has not resign... Innovo shares may again approach $1.00.

Why hold on to this stock. Are hope and fantasy.. the only reason?
nick
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