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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Instock who wrote (12472)	1/10/1999 1:06:00 PM
From: RCJIII	Read Replies (1) \| Respond to of 29382

Instock, The Intkomi sale announcement will come next week for CNGR, that will inform investors that the company has put an additional $20 million in the bank in the last month from the sale of that investment. They continue to hold, and will continue to hold 50K shares which will soon become 100K shares after the split. Those shares are currently valued at $7.5 million. That asset will look good on the books for the future and will provide liquidity if needed for other acquisitions. They will have made a $2 a share profit so far, not bad for a $6 stock. Also, a short position accrued last month of 75K shares, which is the highest in recent memory. Whomever was dumb enough to short this stock is about to get creamed and will have to cover. That is an additional catalyst. Also, In the next week or so we will get a rash of Press releases. We will hear about expansion of PAACO into the lucrative Houston market. We will hear about the opening of CNGR's first hotel. We will hear about CNGR moving to the Nasdaq National Market. We will hear about the closing of their latest acquisition which will add .40 to the bottom line in the first 12 months. (If this acquisition was CNGR's only business or asset, CNGR would have a PE of only 15) Also, a road show is to begin this month at which CNGR will spread the good word about their successes to the investment community A research report is due soon as well which will go out to thousands of investors, brokers, analysts, etc. When you add these near term (a week or two) events to the technical picture as well as the fundamental picture (the company is already highly profitable) and you get all necessary factors for a price explosion. Do some investigating, what I have written is all fairly easy to confirm and is all coming very soon. Of course, none of this anticipates any surprises such as additional acquisitions we don't know of or other events. RCJIII