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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?


To: dave niper who wrote (510)3/15/1998 8:48:00 PM
From: Sparky Beardslee  Read Replies (1) | Respond to of 652
 
Someone has got to upgrade BARR's numbers soon. Too bad there are not more analysts that follow BARR. If there were, they would be revising upwards right now. For example, they did $.42 for F96; $1.05 for F97. Estimates for F98 are only $.91. They keep blowing away previous estimates. With their introduction of new products, their contracts with FAA and the continued emphasis on bomb and drug detection, I think BARR can do $1.65 for '98. That is conservative. I have a target of $20 by summers release of Q2, and a 12 month target of $35 for 12-16 mos. If you look at the weekly chart, a parabolic move is looming. It is a sight to behold. The longer we go sideways, the more explosive the upmove. The secondary is actually going to be a help to all of us. Many are getting anxious while waiting for the subscription to be completed. I hope it takes longer. When it is over, you will see vol. like you've never seen before. You will have 2mill more shares in the hands of long term investors, and the co. should
pick up a few more sponsors. This stock, having based now for over 1 1/2yrs. will explode. Just my opinion, but I think time will prove me right. BTW, since the 2ndry was registered months ago, we could see news at any time. I think mgmt has ammended the register with a stratagy in mind. It will coincide with several elements: 1) great earnings and 2) news of the completion of the 2ndry,
and 3) news of new contracts. This is what will send this one straight up.

Sparky