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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Carlton G Glenn who wrote (8443)	7/31/1998 9:51:00 PM
From: Gapman	Read Replies (1) \| Respond to of 9262

RAY....NEW PICK...It's been a while since I've posted a pick. While I don't expect this to perform as well as XYBR I do expect a 100% return within 3-6 months. The stock is ENVG. I've been watching this stock closely for the last 3-4 years and I believe now is the time to get long. They recently brought on a new CEO who negotiated a contract where he was able to buy 500k shares at 1 1/4 with his own money(this can be verified on yahoo under insiders purchases). When the announcement was made the stock doubled from 1 1/8 to a little over 2 within the next 3 weeks. The stock has settled back to the 1 1/8 to 1 1/4 range so I initiated a position this week. The stock trades under book value and is extremely undervalued. Look for the stock to rally off this little base formed recently as investors anticipate a good EPS report in early Sept. The last quarter results were held back because of state budget legislation red tape. This is no longer the case so expect a profitable quarter. I also noticed another insider made a purchase recently in the 1 1/4 area. That's all for now have a good weekend.