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Technology Stocks : INEL - Inteligent Electronics ?
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To: Tmanquinn who wrote (78)2/5/1997 11:05:00 AM
From: brian chan   of 234
 
I am getting bearish on INEL short term. (How's that for a change?)
Just received the latest S&P rating on INEL dated 2/2. (It also troubles me that it has a LT debt of 70m+. It appears they have taken more debt in the last Q.) Even with all the beating it took already, it has an "avoid" rating. Looking at the tape action, the demand @4 is still good but the selling pressure is still there. It may just re-test the low of 3-3/4 near term. Although the stock appears to be under value, I must respect the tape.
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