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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (7605)8/11/1998 8:23:00 PM
From: Amigo Mike  Read Replies (2) | Respond to of 29382
 
Hi Amigo,

Well, EGNS came in today with a second release with a few more details on the JV with Intermost. EGNS was expected to increase it's business by 400% in FY 98 and another huge % for next year. Of particular note.... Intermost may end up being the Chinese equivalent of Yahoo! over the coming months. Could be very interesting.

Now ..... they are signing a deal that will likely start adding $10 million a year for the next 5 years. This was not originally included in the growth projections for the company.

I expect an earnings release later this week that should show some nice improvements. IMO the 3rd qtr and beyond is where the big gains will come.

EGNS seems locked in a trading range .... 1.50 to 1.75. I do believe it should move higher later this month as more details and earnings are released. Investors are nervous right now ...... but over time ... the best time to buy is when the blood is running in the streets.

Tried to cherry-pick APCO at 7.50 today but missed it =(.

Amigo Mike