To: Stock Watcher who wrote (13217 ) 8/9/1999 10:07:00 AM From: DENNIS TULLY Read Replies (2) | Respond to of 52051
Re: NVXE Note: Up over 30% so far today FWIW I took this off the STOCKPICKS1.COM site. >> NEW VISUAL ENTERTAINMENT (OTC BB:NVXE): We think this stock has the potential to be the investment of the year. The stock has traded heavily these last two weeks, moving upward every few days. The trading pattern shows firm support for the stock and indicates someone knows something good is going on. To further increase the attractiveness of the stock, it is apparent NVXE shares are in strong hands who have no intention of selling until the shares reach a considerably higher value, something that may well happen in the near future. Furthermore, the float of 20 million shares is drying up so that any significant buying causes upward spikes in the price. Market makers have tested the strength of the stock by trying to walk it down to no avail and seem willing to let the stock run when accompanied by volume. Investor sentiment as indicated in stock discussion boards is extremely high, another excellent characteristic of NVXE's prospects. At the close on Friday a base range of $0.21-$0.24 had been established. We anticipate the price rising this week to a new base of about 30% higher than last week's range as more people become familiar with NVXE and its potential. As indicated in recent press releases, the company is in negotiations for a deal that will involve new financing or potentially an acquisition by another company. Some rumors indicate IMAX (NASDAQ: $24/share) is interested in making a bid for NVXE, although NVXE officials will neither confirm nor deny the rumor. Another rumor, which the company will not comment on, is that after obtaining new financing and launching a major new project, the company will shift from trading on the OTC and move to NASDAQ, a move which by itself should dramatically increase the price of the stock. There are many pending developments awaiting confirmation and NVXE has effectively peeked the interest of the immense potential of emerging Stereo 3-D imaging technology. Both the company's technology and the industry as a whole are still in its infancy with much promise for the future expansion. With shares in strong hands, a small float, and news of a major deal soon to be announced, we think the stock can return to its August 1996 peak of $5.50 within the next 30 days or so. Our 6-month forecast is for NVXE to exceed $20 per share. An exciting prospect, and one which we find amazing for a stock that can today be bought for around $.22 share. It is thus with some excitement that we wholeheartedly add NVXE to our list of stock picks. << END My personal feeling is that this company may have something that is worth something. Do your own DD.