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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: jccodez who wrote (10911)	1/19/1999 10:45:00 AM
From: Silly Rabbit	Read Replies (1) of 25711

Imaging Technologies e commerce division to be unveiled ITEC - (trades regular Nasdaq not a BB company) presents a classic turnaround story with all the right ingredients and an "INTERNET TWIST". Shares came down from a 52 week high of around $5 to a low of $0.25 due to major Asian problems and year-end selling. dealseekers.com is the site Based on the turnaround this should be a $5 stock in the near term and with the company's new INTERNET DIVISION, who knows where the top is. Can anyone say e commerce. Stock is starting to trade up on increasing volume. It seems this the begining of the ride. The Company should conservatively exceed $45 million in sales next year. There are only 13 million shares out and 5.5 million in the float. Trading at about 30% of sales whereas their competitors of their core business trade at 1.1 to as high as 3.3x sales. (PRLS) (SPLH) (XION) From an e commerce standpoint this could trade easily at 20-30x sales of $10 - $12 million which puts it at $18 1/2 a share.

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