To: Big Dog who wrote (38 ) 5/29/1998 9:50:00 PM From: Master (Hijacked) Read Replies (2) | Respond to of 55
Hey nice strong finish for TEXN just like Thursday. MM's have never taken this one on a big run & probably don't know what to make of the buying pressure this week. Good solid base of 5-6 MM's near the bid and finally knocked out the lone .20 offer near the close and broke through to .21. After months of accumulation at .16-.20, a little commotion on Monday and the MM's will be scrambling for higher ground! Certainly not a glam stock, but this Texas Gun company is a joe six-pack stock looking like a fat kid taking his first lap around the football field... startin out slow but picking up momentum... took 2 months to bust through .18, Thursday to knock out .19, and today it started to pick up a little more MO by blowing by .20 & closing at .21 offer. Hey if LOCK, another gun aftermarket accessories company, is worth $50 million after selling $20K worth of goods and losing $700K in 1997, TEXN looks way undervalued selling $6 million in Night Sights and taking an estimated $2 mil PROFITS to the bank JANUARY & FEBRUARY alone, and with a market cap of ONLY $4 million(20 mil outstanding X .20). That after breaking even on $1.2 mil sales in 1997. From news releases: "Night sight orders have increased geometrically" "adding another production shift" "ordering more special machines" "expansion made from positive cash flow" "law enforcement raves about special aspects of product, freely providing endorsements" "proprietary manufacturing methods" And GOOD NEWS on top of GOOD NEWS in May release, AFTER the $6 million sales Jan and Feb- "a surge of new orders has inundated the factory." And all this good news not reflected in the stock price... yet. Looks like TEXN is "ON TARGET" to make that big run... news and financials coming first two weeks of June! With the volume picking up the last few days it looks to be an exciting week ahead.