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Technology Stocks : INVX Innovex Comdex Winner !! -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (2697)	9/23/1998 6:49:00 PM
From: Ram Seetharaman	Respond to of 3029

Hai! Innovex - INVX watchers! Despite all your highly technical analysis, and discussions one thing remains positive and factual. INVX is trading at a low P/E ratio of around 8. Based on the S&P outlook issue dated September 23, 1998 page 12, the stock INVX has a fair value of $ 21 ! I have very good faith in their fair value models, since their fair value models have repeatedly beat the market for the past ten years! (From 12-31-1986 till today the S&P platinum portfolio has averaged 561 % gain vs a 259 % gain of S&P 500 Index, which is very good!). To reach $ 21 this stock INVX should gain about 60 % based on today's close of $ 13.5. To me this is a good investment both short term and long term. I still remember the days when Jeff Vinik the ex- Fidelity Magellan Manager was so bullish on this stock after he resigned from Fidelity and started his own fund! In 1995/1996 he had bought and sold over a million of INVX. The company has not moved to any worse position lately. My view is that this stock won't go below $ 10/11 and has a fair chance of hitting $ 21 in 1999.