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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (4391)	6/14/2001 12:44:56 PM
From: BlueCheap	Read Replies (1) \| Respond to of 5499

JakeStraw, NOW we have something to work with.. GX is a $10.47 stock and XOXO is a $2.60 stock. With XOXO I can own 4 times the number of shares that I could of GX.. Therefore if XOXO moves just 15% to near $3, GX must move to $12 to match that same percentage move BUT since I can own 4 times the number of shares, then with $20,000 I can own about 7,600 shares (which I do). OK, a $.40 cent move in XOXO will gross me $3,000. If I owned 1,900 shares of GX and it moves to $12, I about make the SAME profit. So, I will watch GX and see when it hits $12 and of course I'll be watching XOXO and see when it hits $3.... btw, with $20,000 I can own 11,700 (FONR) and when it hits $3, I will have a profit of $15,000. So lets see how long it takes 1,900 shares of GX at $10.47 to be valued $15,000 higher. Needs to be 75% higher than now OR at $18.32 This ought to be FUN and I am not putting GX down at all, just want to see how this plays out.. Remember, FONAR's Stand-UP OPEN MRI should be on GE Medical's web page soon... btw, Looks like Jack has decided the HoneyWell deal is not going to happen.... That leaves $41Mill to maybe Buy some other company. Sure would be nice to perhaps see GE Medical own FONAR one day down the road. Need to get those sales rolling out and Fonar's stock price UP so GE could perhaps offer the amount Dr. Damadian would perhaps demand. However, it is MY opinion that GE sure could take Fonar's technology and really shine with it...Of course GE is going to sell it but how often have you seen GE sell other company"s products ;^) BlueCheap