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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (5974)	4/9/1999 11:54:00 AM
From: RCJIII	Read Replies (1) \| Respond to of 52051

SW, as for INTXA, I am still doing DD, this is what I have learned so far. The company is profitable and growing very quickly through acquisitions and internal growth. They sell all sorts of interior decorating products through conventional channels and as of recently over the internet. Yahoo shows a PE of 11.40. Over the past few months a big short position (1 million shares has accrued) The company just received $4.1 million the other day from converting warrants, therefore they have plenty of cash on hand, which is comforting considering the big short position. The company will soon launch a fine art auction site as part of their website. Companies with auction sites have been HUGE winners lately on Wall Street. I am also hearing that some big players are ready to step in and begin buying heavily, thus exploiting the short position. A rumor of a big Walmart contract to be announced soon was floating around the Yahoo thread, but I don't take anything said over there very seriously. The stock opened strong, but it appears the shorts are trying to spoil the party. News or heavy buying will be required to get this one really moving. I will keep checking. RCJIII