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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (9180)	9/29/1998 7:24:00 PM
From: Sergio H	Read Replies (1) of 29382

Joe Tuvalu, how's the move coming along ? Re: CORR H & Q's downgrade was quite heavy handed: "- cut 1998 sales forecasts for Integrilin to $10 million from $30 million and 1999 to $91 million from $175 million. -- boosted 1998 net loss estimate to $1.36 a share from $1.16 and 1999 net loss to $1.04 a share from $0.39" Investors were less than pleased as the stock dropped below the trend line going back to 1991. Today's low goes back to the low of 1997 and the only time the stock price was lower was in 1996. Look for a test of the '96 all time low of $7. We should see a bounce at or just above that level. Sergio

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