On Wed, 07 May 97 08:46:16 -0600, dmeredit wrote:<<Interesting....At the time of the last earnings announcement, the stock traded around the 30 mark. It dropped following the earnings, but yesterday reached over 41 at one point. I can't see any news that would cause this, apart from the dividend payable to stockholders on record on May 14th.Volume has also been pretty heavy. Has anyone heard any news that might account for this appreciation in value?Dave.>>Innovex really doesn't need any news. I have followed this stock for a long time. It's a really solid company right now with all the right numbers. During the last market drop during the pre-interest rate hike in March, the market continued to drop daily but Innovex kept creeping up because people who followed the stock were betting on good numbers coming out for the quarter which was soon to be announced. What I am getting at is that Innovex began popping up on "Hot" lists and "Gainers" list during a down market. It continued to raise. When the quarter results were released alot of uneducated people felt that the stock had peaked already and we had a short lived sell off. Do a 7 year graph of this stock and you will be shocked that you didn't know about this stock a long time ago. It is one of the few stocks that Investor Business Daily rates as a 99-99. I feel we are in for another investor sell off but I think once again that it will be short. The hard drive giants need their products and they are becoming more diversified as the years go by so hold on to it and retire in the Bahamas. Talk to you later, Chacha.
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