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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: mammoth who wrote (6494)	10/17/1998 5:12:00 PM
From: hoffy	Read Replies (2) \| Respond to of 119973

ASPT really got creamed on Friday after earnings came out 1 cent short of estimates and an analyst downgraded them from 'Strong Buy' to 'Buy'. The stock was trading in the high twenties recently and had fallen into the high teens just like many other mid cap stocks have pulled back. The fall to 12 from 18 on friday was a big over reaction to the downgrade. The guy was still rating the company a "BUY' at 18 so at 12 it is an outright steal. They still made .25 for the quarter and are expecting 30% growth year over year. With a PE of 20 this should be trading in the high teens to low twenties. The analysts target is for the low twenties. I think it will be a great play to pick up cheap here and make some easy money on the bounce. I'd buy below 13 and look to sell near 15. PTEK also looks good after announcing some cost reductions last week. The stock reacted nicely on great volume. Could be a nice momentum play for a 25-30% move from here.