ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Jonathan Cleveland who wrote (171)	1/16/1997 8:12:00 AM
From: John Chew	of 7054

ACRT is trading at 68 times its 1996 FY $0.14 P/E and 38 times my 1997 earnings estimate of $0.25 and 22 times my 1998 estimate of $0.43 in earnings. Who knows if Ben Graham would buy? Investor's daily interviewed me yesterday and may be coming out with a story next week on Actrade in the new America column. The buying is coming from micro cap fund managers as well as the public. Since ACRT hits new highs every day, momentum players seek to buy. People may be buying just because the price is going up. Mister market can be happy or sad. Now he is overjoyed.

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