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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?

To: KewlHand who wrote (746)5/3/1998 11:32:00 AM
From: Russel W. Kennel  Read Replies (2) | Respond to of 1755
 
COES now has a much lower percentage ownership of CXI due to recent financing to support CXI. But it also has Lanxide specialty materials. The last time CXI went to $8 or so, COES was about $2. If CXI goes to $8 again, I would expect COES to go to around $1.25 which would be a 100% increase. The warrant would go to about $3.

The difference is that the warrants could eventually expire worthless in the year 2001, while COES is the stock, holding interests in several enterprises.

Russ



To: KewlHand who wrote (746)5/3/1998 8:17:00 PM
From: Thomas M.  Respond to of 1755
 
That is a great point. One should never try to play value investor and momentum trader simultaneously. Playing COES for a quick pop because of its valuation is a flawed strategy. The best way to determine how all the Commodore vehicles will react short-term to good news is to study their past performance.

Tom


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