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Strategies & Market Trends : Position Trading Forum

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To: ROSARIO who wrote (5611)	11/8/1998 10:55:00 AM
From: Michael Berkel	Read Replies (3) of 7247

My pick for next week is XEIKY. Great earnings surprise and stock was upgraded last Friday by Alex Brown to Strong Buy. Stockprice does not yet reflect these positives and could easily pop. It was trading at 28 back in June and closed Friday at 21 and change. Stock was beaten down for no reason, other than that Wall Street expected the company should suffer from the Asia flu. XEIKY does NOT sell their product into Asia and the market developments in that part of the world do not affect the companies performance. MoneyManagers looking for High Growth stocks with a steady earnings history (XEIKY has an impressive record of earnings surprises) may come forward and jump into this one. IMHO. Check it out. Good luck with this one! Michael B.

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