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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Michael Berkel who wrote (2341)7/25/1998 12:37:00 PM
From: Jeff Sutton  Respond to of 13094
 
With all due respect, you seem a little overenthusiastic on this stock. A few points:

(1) You've been posting messages about this stock on several threads across SI.
(2) You make it sound like INOC gapped up Friday, when the gap was actually Tuesday, July 21. Since then it has traded in a narrow range on diminishing volume.
(3) You say it has a P/E of 12 ... how do you figure this? I get a P/E of 36 based on recent earnings of .33/share and Friday's close of 12 5/16.

I'm not saying this might not be a good stock but I think you overstate your case a bit.

Good luck.



To: Michael Berkel who wrote (2341)7/25/1998 3:02:00 PM
From: James Strauss  Respond to of 13094
 
INOC...

Michael:

INOC looks good but the volume is declining not rising... It jumped up on half of its average volume... Not a positive sign for making new highs... The stock has only been trading for 2 months with a high in the 13.00 area... Technically, it is more likely to pull back than go up... But it is worth keeping an eye on after the pullback...

quote.yahoo.com

Jim