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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ryan Weisman who wrote (468)	11/5/1997 11:03:00 PM
From: Cisco	Read Replies (2) \| Respond to of 1894

Ryan, Zacks calculate what they call their Z-indicator. It is updated weekly and is derived entirely from a multi-factor model which analyzes the momentum of analysts' estimates revisions. 1 is considered the best and 5 is the worst. Therefore a change from a 5 to a 4 is an upgrade. If you are buying stocks at the bottom of their cycle they are often going to have a high Z indicator. Over the past 2 months ACMI has balanced back and forth between 3 and 5. This is separate from Zacks' Wall Street Recommendations which have remained a 1 (strong buy) during the entire time as has First Call's recommendations. These recommendations come from Wall Street Analysts who are following the company and not from a mathematical formula. Momentum players would want to see a low Z-indicator. Those looking for grossly undervalued stocks often don't pay much attention to the Z-indicator. In fact, I have read on other threads that some investor who specialize in bottom fishing undervalued stocks look for high Z-indicators. I hope this helps, Cisco