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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (8214)	3/16/2001 3:23:06 PM
From: Jibacoa	Respond to of 13094

INAP: Yes, no definite "turn-around" as yet. I sold some OPTK at 1 7/8 a week ago and have been buying INAP whenever I can get 1 3/4 or below. The analysts were recommending it as a "strong buy" with a target of 20 back in November when it was around 13. Last week with the price at 4 they downgraded it and it tanked. Their sales have continued to improve,but some of the analysts now think that it may need $70 million extra financing(INAP spent close to 3 times that in acquisitions last year) and that it would take 6 to 8 month longer for it to become "profitable". I think it has a good chance that it will close last week's down-gap at the 4 level, if that proves to be true in the next couple of months, it would be a 100% gain from the present area.<g> Of course, I could be wrong, but the R/R seems good enough for me to go long. After all, if indeed I am wrong it will only cost me some money.<g> It will also serve to reinforce in my memory Jesse's advise of not to try to guess where a bottom is going to be, since "the best time to buy is on the way up" and that doesn't take place until the price gets above the averages.<g> RAGL Bernard Bernard