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Technology Stocks : Equinox Systems (EQNX)

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To: DD™ who wrote (307)3/11/1998 10:10:00 AM
From: Scott H. Davis  Read Replies (1) of 765
 
Another encouraging aspect of the news is the timing. I've observed with a lot of small cap growth issues that near an earnings release, volume and price picks up. Since the next release is mid-april, unless we get a downside profit warning, we're going to hit another run. I appreciate the fact that now, that run will hit with EQNX at a higher price base. EQNX may be undervalued still, but there is only so much gain you can derive without encountering profit taking and mo-players leaving. Its already doubled in a year. If we can hold at 19+ by early April, the qtr1 release effect should be nice, considering last year was .19, anything > 30 would trigger a very good
year over year comparison. If they manage to continue their EPS growth slope (qtr1 in the high 30s) EQNX may make the Indiv Investors summer Americas Fastest Growing Companies list.

Let the good news roll... Scott
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