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To All: Have been very bussy lately with some new picks that I have been working on. I will not be able to post much this week, but will try to when I get a chance.
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CSGI - BUY (I still consider this a buy under $13.00)
News: ConSyGen Gets Contract From Ohio Co For Year 2000 Software
Dow Jones News Service ~ January 28, 1997 ~ 12:27 pm EST
PHOENIX (Dow Jones)--ConSyGen Inc. (CSGI) received a ''Year 2000'' software conversion contract from a client of Millennium Enterprises Inc., based in Columbus, Ohio. Under the contract, software will be distributed to about 3,000 client sites worldwide.
Further terms were not disclosed.
(END) DOW JONES NEWS 01-28-97
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Comments: I am very fustrated at the lack of information that was released in the above PR. This is a very important contract that covers the HP mainframe systems also. The PR was not covered by other news wires, didn't have the impact it should of. I hope in the next day or two the Co. will release more info. From what I hear they are signing more contracts every week.
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PRGS - BUY (under $18.50)
NEWS: N/A
Comments: I have recently been informed that J.P. Morgan was buying into PRGS last week. MSFT has been trying to force PRGS at $26.00 while PRGS wants $30.00. rumor has that $28.00 might be a agreeable price. I think investors have gotten tired of the wait, thus there is sell side pressure. (I don't blaim them, I am too sick of the wait.)
Option Plays :March 22.5 calls at current levels.
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NEXT- Buy (Under $3.00)
News: N/A
Comments: Still waiting for earnings announcment
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INTV - Buy (under $13.00)
News:
EXCH./ LATEST LATEST BUYERS- HIST. BUYERS- HIST
SYMBOL 12 WEEKS 24 WEEKS SELLERS NORM@@ SELLERS NORM@@
Insider Trading Spotlight -2-
BUYING
Intervoice
O/INTV 38 39 3-0 3.0 3-0 1.5
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Comments: There have been some more Insider buys, and everything is still pointing towards a big Q. This one will move up, but it takes its own time, and is a safe investment. I still am looking at $19+.
Q end in Feb. results should hit steet in Mar.
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OZON - Sell (buy under 13/16 amd sell above 7/8)
news: N/A
Comments: No new dates RE: J&J contract. Lates info says that it is still in 'the works'. DO NOT play this just on J&J news. should trade this within abouve ranges. If J&J news comes then the sell range should go to $1.25 and above. Until sell and pick up on dips
NEED TO WATCH THIS ONE VERY CLOSE.. EXPERIENCED TRADES ONLY.
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USBL - HOLD/buy (buy on dips under $1 5/8
News: N/A
Comments: More investor packets are being sent this week. This is not a 'normal' play. VERY VERY thinly traded. This is something you just buy about a 1000 shares in and sit on to see what happens.
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ze - BUY (I still like ZE under $12.00)
News: N/A
Comments: More news is expected shortly, waiting for some more tele/com. standard for HDTV, and still hear rumors of a large contract for "video phones" with a NYSE company.
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If I have forgoten to update anything make a post and will try to respond when I get a chance.
Special note RE: CSGI
I too was upset with the lag in the stock price after the PR was made.
However, there is more news ahead and we should see more info. I would think that once the 1/28 Pr is posted on other wires that there should be some increase in the price. There has also been a accumilation of this stock for the last two days. All of the block shares that were traded were buys. Just have to wait and see what happens. |
