here's why. INVN is InVision Technologies
(NASDAQ) trading at 5 9/16 bid offered at 5 23/32. INVN is
one of the largest manuifacturers of explosive
detection systems (EDS) in the entire US, also doing
business if foreign countries (Japan and Spain to name but
INVN traded at 7 11/16 within the past 5 days and then
sucumbbed to end of the year tax selling.
not a suggestion to sell PSUN and substitute INVN.
For those of you who have followed my posts, you
should be aware I do my homework. Go to the INVN board
and read the stats and study their profile. You
should be able to see the excitement I see. INVN earns
14 % net after taxes has an excellent balance sheet
and lastly sells at under 8 X earnings.
is one of the largest manufucturers of explosive
detection systems for civil avaition security in the US and
also supplies their systems to foreign countries
(Japan and Spain are only two of many). Additionally,
they support their installed systems.
speak INVN is quoted 5 3/4 bid offered at 5 13/16. It
closed yesterday at 5 3/8. Within the last 5 days, it
traded as high as 7 11/16, before trading down
succumbing to end of the year tax selling.
yearly range is 3 5/8 (during the October lows) to 11
3/4. INVN has 12 M shares out and 7.8 M floating. It's
book value is $ 3.54. It has a current ratio of 3.44
to 1, with total long term debt of $ 400 K (K not
M). It sells at 7.57 X earnings and earns in excess
of 14 % net after taxes. At last reporting, there
were 407 K shares short giving INVN a short ratio of
3.23. The slightest interest by Wall Street and we have
the added plus of having "shorters" potentially as
If you go to the INVN board and read the stats on
INVN, I believe you can sort this data for yourself.
INVN is obviously under attack from "tax selling"
which will abate entirely within the next 4 trading
days (remaining in 1998). Tax selling doesn't always
continue to the last hour of the last trading day of the
With a PE ratio under 8 and INVN being able to earn in
excess of 14 % net after taxes on sales, any increase in
sales volume coupled with a discovery by Wall Street
will cause INVN to move up dramatically.
INVN as a super "diamond in the rough" and a real
find, one that should be purchased in the last several
days of this trading year while folks are
indiscrimently selling for tax reasons.
Thanks for your clarifying EOM for me. Enjoy all
your guys posts. I've been with PSUN several months
now, and have made $ in and out of the stock. Have
loaded up on it now. Saw sort of the same situation with
TOM (Tommy Hillfiger) a while back. It had dropped to
35 on neg. news, was holding at 43, and when sales
numbers were announced jumped to 55. Hope for same
senario with this baby. HAPPY HOLIDAYS TO ALL.
as he called himself (pronounced "ohm" like the
chant). St. EOM started his own religion down in south
Georgia, just outside Buena Vista, a little town south of
Columbus and east of Ft. Benning, in the midst of Southern
Baptism and military preparedness.
As you can
tell, this is a humorous (but true) message. Read no
further if you want to talk PSUN.
I'm not shitting
you, this guy is (was) real ... ain't the truth
stranger than fiction sometimes. St. EOM spent three
decades building a place called Pasaquan, which is
described in this article I'm reading as "a wonderfully
strange, bivrant, intricately ordered spot, a fantastic
four-acre spread of Far Eastern, far-out architecture,
painting and statuary." Based on the pictures, it is a
folk artsy culmination of intricately painted concrete
and shiny tin.
Apparently, Martin was the son
of a Georgia sharecropper who ran away from home at
age 14 to go to New York. After stints as a pimp,
prostitute, gambler and pot dealer, he settled into a career
as a fortune teller. At the ripe old age of 50, he
had an abrupt spiritual awakening in which he had a
dream vision of a giant long-haired man.
EOM's religion, Pasaquoyanism (derived from the Spanish
word pasa meaning "to pass" or "to go" and quoyan, an
Asian word that means "bringin' the past and the future
together"), apparently has to do with "the truth, and with
nature, and the earth, and man's lost
St. EOM believed that hair was humankind's antenna to
the spirit world and that it shouldn't be cut. He was
also deeply engrossed in chanting, dancing, drumming,
medatation, and generally quirky worship.
In 1986, at
age 77, in failing health and depressed by the recent
death of his two beloved dogs, St. EOM shot himself in
the head with a .38-cliber pistol. Today, his
Pasaquan temple is being restored thanks to NEA grants
totaling more than $90,000 (nice to see our tax dollars
put to good use).
Turns out, PSUN fashions
are quite popular with the
Merry Christmas, All.
>>>Every one in that industry talks very
highly of them and approves their business strategy. I
am in the same industry and I also do business with
them. They know alot and they run the operation very
efficiently. They will buy back 1,000,000 of their stock while
it is low, and very soon they will be recommended by
two market makers.
I've also heared they are
going to make a very important announcement which will
have a great impact on the company.
Dont know legitimacy of this claim, but seems a very
likely scenario. New year, new money. Upgrades galor,
and a new online shopping site unveiled. Just my
question about "selling on the net?"
corporate phone number is 714-693-8066. I don't recall the
name of their Investor Relations person, but he/she
may be listed in the profile for PSUN on this board.
Chairman of the Board is Greg Weaver but I don't suppose
you will get through to him, but you certainly are
welcome to try.
Hope this was helpful to
BFLY (Bluefly) announced they will sell clothes on the
net and their stock rocketed on that announcement,
however, it did come back, but I'm sure it gave a real
"angina" attack to their shorts first.