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

To: Silver_Bullet who wrote (10458)	12/18/2001 1:38:51 PM
From: James Strauss	Respond to of 13094

Now GE is in the mix... I guess the Gov't has been talking to GE about getting a product line up and running with some of the same technology INVN uses but that GE currently uses in their own medical products.. FT: GE has the production capacity to produce the large amount of orders the Gov't wants, INVN doesn't... The small number of INVN shares outstanding has worked in its favor on the price run up... That same benefit now becomes a liability on the way down as a small number of large sharholders/traders can really punish the stock price in a hurry as they head for greener pastures... INVN hit its first support target (33.00) faster than I thought it would... Now it looks like it will test the next support level of 21.00... stockcharts.com[m,a]daclyymy[pc13!d20,2!c50!c100!f][vc60][iLb14!La12,26,9!Lk14!Lf!Lg!Lc20!Lp14,3,3!Ll14] Fundamentally, even if INVN's EPS doubles to .16 a share it will be hard to justify a P/E of more than 150 which would give us a 24.00 price... This doesn't take into account the enormous costs for adding capacity... We could see an increase in debt and interest costs and or dilution of stock price through new offerings to fund this cost of increasing capacity... Jim