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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (20675)	5/31/1999 1:27:00 PM
From: James Strauss	Respond to of 34811

IFLO... Nas: IFLO is approximately 33% off its previous high... equities2.barchart.com For the short term oriented, 33% would not be a bad gain... For the longer term oriented there is a possible Quadruple top test in the 5.50 area... Given the strong fundamentals in the most recent Qtrs and major products like Painbuster and On-Q, There is a possibility of a breakout to new highs... Next year's EPS estimate is .24... At a P/E of 30 you'd have a price of 7.20... And that doesn't account for the positive earnings surprises of the last few Qtrs... With earnings growth rates in excess of 100%, a P/E of 30 would be considered cheap... Jim