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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]
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To: Due Diligence who wrote (23)1/3/1999 12:53:00 AM
From: Rande Is  Read Replies (1) of 4766
 
ABN: Hard to say, DUE. Might want to consult a TA expert on this one. There are several threads on SI with TA people that would be happy to give you a read.

It saw a pretty good sized pop 6 weeks ago, that would have been a nice simple out. CEO buying could be for any number of reasons other than hopes that stock will rise.

It is certainly undervalued at about half the book value. Top end not so hot last 9 months, but it translated well into an increase in net earnings.

I guess the question is this: Will foreign biz and recovering currencies contribute greatly to bottom line in next quarterly? And how long do you want to wait for that big cat?

I guess if you have enough beer in your boat you can out wait the big ones.

Rande Is
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