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Let's begin with a few
comments about some recent Stockprowler picks. First, last week's top
pick, ICOM, closed Friday at 15/16 after moving up 40% this week...terrific!...
But, go check out recent IPO, Sycamore Networks (SCMR:Nasdaq),
to see where little ICOM might be heading...SCMR closed
at $215!!...Compare products and compare valuations...ICOM showed
continued strong accumulation this week....also, rumblings of a merger
with a mega partner...stay tuned. CXI...big surge in volume
and price in the last 15 minutes of trading on Friday...Very heavy accumulation
on the Stockprowler software/database...BIG news likely on Monday. Stockprowler
is looking for merger news with GEI, specifics on the Army testing contract,
and/or an announcement regarding earnings/profitability. Stockprowler
reiterates CXI warrants are a good value at under 3/8.
QSRI...Stockprowler called it! The $50 million line of credit
is a "done deal". However, the stock price has not reacted...Stockprowler
believes the market is waiting to see what happens...i.e., what will
QSRI do with the line of credit? They have a bonanza with their
recent well... can they repeat their success in the same oil field/or
others?...will oil prices hold/or rise this winter?
And
now...the Stockprowler Pick of the Week:
SBAS (Nasdaq)
- StarBase Corp., Santa Ana, California...Stockprowler has been monitoring
SBAS since January. Our initial
impression was, and still is, that this little company is on the verge
of making the really BIG move...despite the pull back over the past
few months. StarBase Corp. is a developer of advanced Intranet technical
collaboration tools designed for Web-based applications. SBAS
develops, markets, and supports software solutions for e-commerce Web
site development. StarBase products address the needs of both technical
and non technical users. SBAS anticipates
revenues for the quarter ending Sept. 30, 1999 between $3.7 - $4.1 million
or 125% growth over the same quarter last year. StarBase Corp. has had
10 consecutive quarters of revenue growth...so why the pull back? Stockprowler
believes that its OpenAvenue venture was probably premature, and gave
stockholders some mixed signals. Also, SBAS
projected profitability for this quarter, and it didn't happen... but
SBAS is very close to break even.
Also, the considerable decline in stock price has caused many stockholders
to target SBAS as a tax loss write
off. SBAS closed Friday at 1 9/32...
Stockprowler beleves this is a great opportunity at these price levels...
Good
trading... Stockprowler!
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