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Technology Stocks : Headway Corporate Resources - A Temporary Staffing Company
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To: Pluto who wrote (8)6/12/1998 8:18:00 PM
From: Pendretti  Read Replies (1) of 46
 
Did you take a look at the chart and how the stock moved the last days. At one day the volume was very big (institutional buying). Yesterday they let the price drop $ 1 intraday on 15.000 shares. There is almost no selling and things look great. With the acquisitions to be made the revenues will grow over $ 300 mln. (last year it was only about $ 150 mln.). Without the acquisition the revenues would have grown up to $ 250 mln. So, when the acquisitions take place the brokers will start upping their targets and when buying starts the share price will move up very quickly because IT IS NOT ALLOWED TO SHORT THE STOCK BECAUSE IT IS NOT YET APPROVED. So, where do the MM get their shares from when heavy buying gets in? We will see nice rewards in the future. IMO first target is $ 18 for the next months and with new acquisitions in the near future the stock will go up to $ 22-24.

Rene.
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