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Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: TCTexas who wrote (3549)	10/18/1999 8:09:00 AM
From: Bob Davis	Read Replies (1) \| Respond to of 3563

In its October 7th "Research Notes" about CADE, The Napeague Letter noted that "CADE appears to be screaming off into the stratosphere. Both momentum-based and volume-based indicators are currently signaling that this run-up has the strength to continue for some distance." There doesn't seem to be any "news" driving this move, although I suspect that the Company may have gained its first sell-side analyst coverage, and that this buying is driven by the initial distribution of an analyst's report to major clients. If so, its wider release could fuel a continued run-up. However, I do not know that this has occurred." However, more recent "Research Notes" on this stock have been more cautious. The URL for the Napeague site can be found by clicking on my SI Profile in blue, at the top of this posting. Bob Davis The Napeague Letter