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Microcap & Penny Stocks : DD-CIA Due Diligence Central Intelligence Agency

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To: PitBull who wrote (35)7/6/1998 11:29:00 PM
From: Jeffrey L. Henken  Read Replies (2) of 120
 
Vacation time is over. I am thinking about trying an option play on AVEI. I called I/R today at this up and coming company in the minimally invasive surgical field. I spoke with Diane Lefebrve who told me earnings would be announced July 20th after the close.

I think they will be very good. Now the stock is not a $5 and under play but from a technical standpoint it is looking very good indeed. Brenda Greer is going to help me pick a decent call strategy tomorrow. Wish me luck as I have never tried options before! Here is the latest TA update on AVEI:

Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a WEAK UPWARD TREND
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is rising which is BULLISH
Stochastics indicate stock is OVERBOUGHT

RECOMMENDATION

STOCK IS A BUY; STOCK IS OVERBOUGHT; WAIT FOR PULLBACK TO INITIATE NEW POSITION

Hope you had a great 4th of July!

Regards, Jeff
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