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Microcap & Penny Stocks : Genicom (GECM) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Ostroski who wrote (173)	11/26/1997 12:20:00 PM
From: Mark[ox5]	Respond to of 231

That is a high % of their holdings. I dont like that. However, on a brighter note 2 more mutual funds have started buying GECM.. so we might have a shaky quarter but the long term prospects are still fantastic. I sold about 20% of my position today to lock in the profit, but most likely if we have a weak quarter I will definately buy back in with that money. Next years projections are 1.16.. give that a 20 PE and you have a $23 stock. Very simplistic analysis but just a guideline. Plus this is at a price (low teens) where mutual funds start jumping in, plus just look at the IBD #'s. We might have a shaky quarter here, but the longer term prospects are great (plus the new aquisition should add some more $$$ to the 1.16 EPS for next year) Good luck, Mark