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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (7720)9/2/1998 1:32:00 PM
From: xbrent  Read Replies (2) of 25711
 
My favorite BB stock continues to be MADI. This is a company which sells an anti hacking device. The device wholesales for $150 or more and their margin in over $100 per unit. They have no competitors and their is considerable demand for an anti hacking device. It is a patent pending device that is a switch that keeps out the bad guys.
Float under 4 million, Shares outstanding under 9 million. They are on the verge of announcing a major order that should put a few $million right on the bottom line. No convertible debentures, no preferred, debt under $75,000. Shares presently trade at low .60's
When announcement is made no reason why shares won't be over $1.
Bad news is that it is a Canadian company. I have discussed that with them at some length, they are well aware of the need to behave appropriatly and the consequences of behaving otherwise. I anticipate the order being announced between now and the weekend with a high probability of very very soon.
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