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Non-Tech : International Game Technology

IGT 16.09

-0.1%

Dec 19 3:59 PM EST

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To: Don MacNeil who wrote (11)	11/23/1996 10:47:00 AM
From: Alan Woinski	of 63

Don, You are asking that question to a guy who has been a big fan of AGAM for years. I know John Acres very well and have known him for a while and he is a genius. In July, I put a strong buy on a number of suppliers in my gaming stock newsletter and AGAM was one of them. It was 8 bucks at the time. My target on the stock always was $20, so I am not as enamored with it anymore although company wise, they are going to do great but the stock is reflecting a lot of that. I guess in the long term, AGAM is a very good buy but I always stress to my subscribers that it is the entry and exit points that are important and to never chase a stock. My thinking is, if it was a buy at $8, it is not necessarily the same buy at $18, especially since it was just $8 5 months ago. In a pullback, to $16, I would probably be inclined to dip in because based on Kinnards estimates, the stock should be valued around $20.

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