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Each and every week at 7:00 PM EST on Sunday, Stockprowler will bring you his latest hot stock pick of the week ...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens primarily NYSE, AMEX, and NASDAQ stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Web site. So are you ready? Here's the Stockprowler report for the week of Sunday, October 24, 1999: |
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Before we embark on this week's speculations, I would like to revisit a couple of Stockprowler's earlier picks. Commodore Applied Technologies, Inc. (CXI) was awarded an army testing contract this week to demo its SET technology...very good news. Meanwhile, rumors are rampant that CXI is in talks with the Dept. of Energy regarding its technology for use with radioactive waste remediation. It closed Friday on strong volume with the Stockprowler software/database showing heavy accumulation confirming speculation that the $50 million line of credit is likely a done deal. And now...Stockprowler is offering readers a triple treat for the upcoming Halloween week...actually 3 stocks piqued my interest, and I couldn't pick just one! All 3 are highly speculative: ICOM (Nasdaq) - Intelect Communications, Inc. is a maker of advanced, cost effective multiplexer products which allow the convergence of voice, data, and video over new or existing communication infrastructures. Its latest product, OmniLynx, has the potential to move ICOM to the forefront in networking solutions. ICOM closed Friday at 21/32 on 1,023,500 shares traded (3 times average volume). The Stockprowler software/database is showing patterns of strong accumulation. I suspect this one could move rapidly on almost any news... DNKY (Nasdaq) - DonnKenny, Inc. of New York City is a brand name designer, manufacturer, and marketer of women's apparel. DNKY reported a decline in revenues of 9% for the 6 months ending 6/30/99 and a net loss for the same period of $7.3 million (included in the loss was a $6.4 million settlement of a class action law suit). Since then, there have been rumors of a management shake up, cost cutting moves, and tighter quality control. DNKY moved up 20% on Friday on 13 times average volume closing at 11/16. DonnKenny had $188 million in sales last year...and has a book value of $3.13. With only 14 million shares outstanding, substantial institutional ownership, and no recent insider selling... ITEC (Nasdaq) - Imaging Technologies, Inc. closed Friday at 5/32... that's right...15 cents. Stockprowler has been following ITEC for several months, and is amazed at its decline, given the value of its proprietary ColorBlind technology and other digital imaging products. Apparently, a variety of factors have caused a decline in the company's fortunes, not the least of which are: alleged mismanagement, a decrease in the sale of product and licenses, and stock dilution. It is the opinion of Stockprowler that shares of ITEC are worth more than 15 cents... that at these levels, ITEC is trading at bankruptcy levels. It is the opinion of Stockprowler that given current volumes of trading and price action, it is very likely we are experiencing ongoing market manipulation. If you do invest in ITEC, be careful... there is the ever present risk of losing all of your investment with a stock like this... Good trading... Stockprowler |