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

To: FatMatty who wrote (41179)	1/8/1999 8:17:00 PM
From: Logistics	Respond to of 119973

PROG - TA courtesy of ZEEV HED - He is calling it a $60.00 stock. Mark, PROG just broke out today. Fundamentally, it is flabargasting, this year's estimate are $.6/share, the street is estimating $.8 next year, and my estimate is double that number (.32, .36, .40 and .44 for the next four quarters). Sales last year (just ended are about $230 MM, but listen, $72 MM of this in the last quarter. I estimate next year at $300 MM. And guess what, with todays' 40% move, the capitalization is still $75 MM only. The company is going to be recognized, IMHO, as another internut outfit, except, they make money, they have a book value, and they even have substantial sales, and ONLY 5 MM shares outstanding. Pray, tell, what does your TA show on this one. I entered early December after the first breakout volume and the price run to $12.5 (I waited for it to calm down and got lucky around 10 plus). I think that it should sell at at least one time sales (or $60/share), but if it becomes another nuts, we could see it priced at 10 times annual sales, and I am not going to write down that number, it is too scary. So, tell me wise man, what is your opinion? Zeev ------ Previous \| Previous \| ------ \| Respond \| View