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Microcap & Penny Stocks : Imatron (IMAT)
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To: Susan Saline who wrote (23)2/15/1997 1:35:00 PM
From: RAY J   of 138
 
Hi Susan, The stock chart "looks" like a great oppportunity - however, am I right in assuming they sell apparel mostly by catalog like L.L. Bean? This was a new IPO in September; the only thing I'm concerned with on the chart is that everytime it goes up 5%, it is followed by a 10% drop, never reaching it's past high. I think the javalin is still falling on this one. I could be wrong, but I think this will go to 10 or 12. If it does go up to 16 it will probably continue and go over 20. I would wait for 16. Why wait till 16 when I can buy at 14, you ask? Because it will decrease the (RISK). If you buy at 14 and it goes down to 10, you will lose 28 1/2%, but if you wait and buy at 16 and it goes back to 24 you will have gained 50%. Don't catch the javalin; if you wait and buy at 10 and it goes to 14 1/2 (where it is now) you will have gained 45%.

Hope this helps.

RAY J.
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