Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (334)	12/3/1998 10:05:00 AM
From: MoneyMade	Read Replies (1) \| Respond to of 15987

This A.M. CORX news, BOCI AOL rumors, CNGR Quick Update (INSIDE)... Interesting take on CNGR Money, I agree. I think the 3 hour halt took the wind out of CNGR's sails today. Add the .40 per share they expect in 1st year earnings from the acquisition to the .45 they expect from current operations and you have .85 per share in profit. The stock is trading at $5.75, which creates a PE of under 7. A 20 PE, which is conservative for a growth company values the stock at $17 per share. Value it at a conservative one times sales and you have about a $14 stock. Now consider they have millions in the bank and $30 million in Inktomi holdings. It is lunacy that we didn't fly. My impression is this. The stock has gone from $3 to nearly $6 in the last three weeks. The MMs were probably getting ready to try and bring the price down to cover. Then this massive news comes out. I believe they must have staged a coordinated effort to prevent a spike. The outrageously long halt is good evidence of this. The stock only traded 100K shares all day. Are you telling me it took 3 hours to make an orderly market out of that kind of small volume? It is BS. I hold xxK shares and am in for the long run. This stock will continue up over the next several days. The news will hit the Dallas papers and locals will get a chance to absorb it and buy in. Also, consider that in the next two weeks, a new research report will be put out and distributed to nearly 10,000 brokers, analysts, investors, etc. Also, a road show will begin and the CEO will be able to present his story to the investing community. Also, on the 15th 2nd quarter earnings will come out and should be very strong. Also, they have expanded their PAACO dealerships into Houston, an announcement is coming soon. Their first Extended Stay hotel will open in January and will bring more revenue and more good press. In February they will begin selling Inktomi. The future is very bright and I am sticking to my guns. The market sucked today, MMs weren't letting anything move even on huge news. Look at MYGD. That PR was great, but the stock dropped. xxxxx