Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 175.02

-3.3%

Dec 12 9:30 AM EST

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To: Canuck Dave who wrote (14635)	5/14/1999 2:15:00 PM
From: StockHawk	Read Replies (1) of 56535

PARA - this one looks interesting. Currently at 2 3/8. It is selling for less than Book Value, which is $3.23, and for about 30% of annual sales. Float is only 1.3 mil. PARA bolted over $8 in Feb. after announcing the acquisition of Web Business Systems but then fell all the way back to just under $2. It just moved above its 50 day moving average and volume is up. Yesterday it traded over 100,000 shares for the first time since early March (3/4) and will likely break that number again today. With the low float this could move again like it did in Feb. I like to get into these low priced ones when the volume begins to surge. StockHawk

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