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Microcap & Penny Stocks : NRPI at a new low but company is making money. -- Ignore unavailable to you. Want to Upgrade?

To: Catfisher who wrote (224)	12/4/1998 8:34:00 AM
From: JOE TURMAINE	Respond to of 656

Clifford, from S4T >>2-4-98 NATIONAL REHAB PROPERTIES (NRPI) $.28-.33 + 09 on 195,500 shares. I have been preaching how undervalued this stock is and a mere $30,000 worth of buying nearly doubled the price of the stock. I think today's price action should show you that most of the downside action was due to just a lack of volume. The fundamentals of the Company are certainly improving with the start of 15 new homes this month in Miami. Local civic groups have gotten behind th Compnay's efforts to bring new "affordable housing" to the Miami area. We all know how the stock has had a history of sharp up moves and I think we are beginning to see the start of such a move. A rapid move to the $.70-.80 area for starters is certainly in order. Trading above $.40 will be a breakout that will take the stock to the old highs. Fueling the move will be the Company's ability to have earnings. Because of a profit margin of $20,000 per home in new construction versus $10,000 for the homes they have been rehabbing, on the bassi of 100 homes over the next year, NRPI should earn $.20 per share. We will be publishing our list of beaten up stocks for a big move due to the January Effect and NRPI will be number one on that list. Last year the average gain of the 12 stocks were had on our "Dirty Dozen" list was 40% during January and 3 of the stocks doubled in January. We think that could happen for NRPI if not sooner.<< JOE