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Microcap & Penny Stocks : Accugraph (ACCUF)

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To: scott ross who wrote (5)5/13/1996 8:12:00 PM
From: Ken Peterson   of 39
 
One of my investment group members did a detailed report on this
stock this last fall when there was news regarding some HP contracts.
The stock was at 3.50 then. Since then it fell to a trading range of
1.75 to 2.75. I was considering buying for a quick trade even though
I don't like the company because the range was so predictable. I
didn't because the earnings report was poor, and I figured that it
would fall below that trading range. I was suprised to see this
movement as of late, but I would short this one in the $2.50 - $2.75
range if you want to make money.

--Ken
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