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Technology Stocks : ARC Capitol. (AMVC) -- Ignore unavailable to you. Want to Upgrade?


To: andy steele who wrote (76)9/13/1998 10:00:00 AM
From: Thomas Kirwin  Respond to of 84
 
DoJoWiz September Newsletter - AMVC

Subject: September letter - final
Date: Wed, 2 Sep 1998 19:58:30 EDT
From: DoJoWiz@aol.com

I received in the mail a copy of a research report by Stonegate Securities dated July 24th on Advanced Machine Vision (AMVC). I admit to not having heard of that outfit, but then again, I'd venture to say that they've never heard of me. The report is well done and even has a picture of the product. Their 12-18 month price target is $3.60 based on a multiple of 15x earnings. I have continued to add to my position whenever the stock dips below $1.80. If their new technology pans out as expected, I look for the stock to reach over $3.00 a share in the next 9 months. An acquisition by FMC would not surprise.

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Regards,

Tom